The NZDUSD pair trades positively since yesterday’s evening to approach from retesting the previously broken support of the rising wedge pattern, accompanied by stochastic reach to the overbought areas, which forms negative factor that we are waiting to push the price to rebound bearishly and resume the decline again.
In general, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 0.7329 level and holding above it, reminding you that our main waited targets begin at 0.7100 and extend to 0.6990.
Expected trading range for today is between 0.7150 support and 0.7350
Expected trend for today: Bearish
Origin: Economies
