The NZDUSD pair begins today’s trading with strong negativity to break the bullish channel’s support that appears on chart and settles below it, which opens the way to turn the short term track to the downside, targeting heading towards 0.6821 as a next main station.
Therefore, we expect the continuation of the bearish bias domination on the upcoming trading, supported by the negative pressure provided by the EMA50, noting that the continuation of the suggested decline depends on the stability of the daily close below 0.7110.
Expected trading range for today is between 0.6970 support and 0.7170
Expected trend for today: Bearish
Origin: Economies
