The NZDUSD pair retested the previously broken neckline at 0.7140 and kept its stability below it, along with the continuous negative signals that appears on stochastic, to support the continuation of the negative effect of the mentioned pattern, waiting to target 0.7025 level mainly.
The EMA50 supports the expected decline, noting that breaching 0.7140 – 0.7155 levels will stop the negative overview and lead the price to recover again.
Expected trading range for today is between 0.7000 support and 0.7200
Expected trend for today: Bearish
Origin: Economies
