The NZDUSD pair continues to fluctuate inside the minor bearish channel that appears on chart, showing some slight bearish bias now to approach from testing the key support 0.6915, and as we mentioned in our previous reports, this level represents one of the next trend keys besides 0.7049 resistance, which makes us need to breach one of them to detect the next targets clearly.
Therefore, our neutrality will remain valid until now, noting that breaking 0.6915 will push the price to visit the next correctional level at 0.6780 direct, while breaching 0.7049 will motivate the price to achieve gains on the intraday and short term basis, as the positive targets begin at 0.7215 and extend to 0.7484.
Expected trading range for today is between 0.6850 support and 0.7040
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
