The NZDUSD pair traded with strong negativity yesterday to reach the key support 0.6915, which urges caution from the upcoming trading, as breaking this level will put the price under the negative pressure on the short term basis, to extend the pair’s losses towards 0.6780.
Therefore, we prefer staying aside temporarily in order to monitor the price behavior according to 0.6915 support and 0.7049 resistance, waiting to breach one of them to detect the next destination clearly, noting that breaching this resistance will reactivate the positive scenario that its main targets begin at 0.7215.
Expected trading range for today is between 0.6830 support and 0.7049
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
