The NZDUSD pair bounced bearishly clearly after testing 0.7329 level yesterday, to resume its bearish track affected by the completion of the rising wedge pattern that appears on chart, supported by stochastic negativity that appears on the four hours’ time frame.
Therefore, the bearish trend will remain valid and active in the upcoming sessions, and the targets begin at 0.7100 and extend to 0.6990, reminding you that it is important to hold below 0.7329 to continue the suggested decline.
Expected trading range for today is between 0.7150 support and 0.7329
Expected trend for today: Bearish
Origin: Economies
