The NZDUSD pair provides positive trading to approach from retesting the previously broken support of the bullish channel that turns into resistance now at 0.7135, accompanied by stochastic entering the overbought areas, while the EMA50 keeps pushing negatively on the intraday and short term trades.
Therefore, we will continue to suggest the bearish trend in the upcoming period unless we witnessed clear breach and holding above 0.7135, waiting to target 0.6914 followed by 0.6862 levels mainly.
Expected trading range for today is between 0.6914 support and 0.7135
Expected trend for today: Bearish
Origin: Economies
