The NZDUSD pair opened today’s trading with more decline to break 0.6698 level and settles below it, which supports the continuation of our bearish overview efficiently for the upcoming period, confirming extending the bearish wave to target 0.6614 level in the upcoming sessions.
Therefore, the bearish trend scenario will remain valid and active supported by the EMA50, noting that breaching 0.6698 level might push the price to retest 0.6781 level before any new attempt to decline.
Expected trading range for today is between 0.6580 support and 0.6745
Expected trend for today: Bearish
Origin: Economies
