The NZDUSD pair achieved another negative close below the main bullish channel’s support that appears on chart, which keeps the bearish trend scenario valid until now, supported by the EMA50 besides the negativity that appears clearly through stochastic, noticing that the price continues to fluctuate around the mentioned channel’s support now.
In general, we are waiting for negative trading that targets testing 0.7093 level initially, unless the price managed to breach 0.7270 followed by 0.7323 levels and hold above them.
Expected trading range for today is between 0.7100 support and 0.7323
Expected trend for today: Bearish
Origin: Economies
