The NZDUSD pair ended yesterday’s trading below the broken support of the bullish channel that appears on chart, which turns into key resistance now at 0.6830, after a successful retest to this level, which encourages us to continue suggesting the bearish trend in the upcoming sessions, waiting the next target at 0.6698.
Stochastic positivity might cause some temporary sideways fluctuation before resuming the suggested bearish bias, which its continuation conditions holding below 0.6830, noting that breaking 0.6780 level will ease the mission of achieving the expected bearish wave targets.
Expected trading range for today is between 0.6650 support and 0.6885
Expected trend for today: Bearish
Origin: Economies
