The NZDUSD pair crawls gradually to 38.2% Fibonacci correction level for the rise that measured from 0.6674 to 0.7145, which represents the waited target for the current bearish wave, reminding you that breaking this level will extend the negative trading to target 0.6909 then 0.6854 levels on the near term basis.
Now, the decline will remain expected for today unless breaching 0.7034 level and holding above it, which will allow the price to regain its main bullish track and stops the current bearish correctional pressure.
Expected trading range for today is between 0.6900 support and 0.7100
Expected trend for today: Temporarily Bearish
Origin: Economies
