The NZDUSD pair bounced clearly to the downside after approaching from retesting the previously broken support of the bullish channel that turned into key resistance now at 0.7090, which supports the continuation of our bearish trend overview efficiently for the upcoming period, reinforced by the negative pressure provided by the EMA50.
Therefore, the bearish bias will remain dominant in the upcoming sessions, and the main target is testing 0.6862 level, noting that breaking this level will extend the bearish wave to target 0.6720 areas as a next main station.
Expected trading range for today is between 0.6835 support and 0.7050
Expected trend for today: Bearish
Origin: Economies
