The NZDUSD pair opens today’s trading with clear positivity to move above 0.6780, while stochastic continues to move at the overbought areas, which forms negative pressure that we are waiting to push the price to resume the bearish bias again, as the correctional bearish trend still valid until now as long as the price is below 0.6835.
Breaking 0.6780 level is required to ease the mission of heading towards our negative targets that begin at 0.6698 and extend to 0.6614.
Expected trading range for today is between 0.6680 support and 0.6870
Expected trend for today: Bearish
Origin: Economies
