The NZDUSD pair crawls gradually to the downside to approach from the critical support at 0.6915, which represents one of the next trend keys besides 0.7049 resistance, where the price needs to breach one of these levels to detect its next trend clearly, which keeps our neutrality valid until now, pointing that the contradiction between the EMA50 negativity and stochastic positivity provides another reason for the neutrality.
Reminding you that breaking 0.6915 will push the price to visit the next correctional level at 0.6780 directly, while breaching 0.7049 will lead the trading to attempt to regain the main bullish trend that its positive targets begin at 0.7215.
Expected trading range for today is between 0.6880 support and 0.7049
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
