The NZDUSD pair fluctuates between the key levels represented by 0.6862 support and 0.6930 resistance, noticing that there is contradiction between stochastic positivity and the EMA50 negativity, which makes us continue with our neutrality until the price manages to breach one of the mentioned levels and detect its next destination clearly.
We remind you that breaking the mentioned support will push the price to extend its bearish correction and test 0.6780 level as a next main station, while breaching the resistance will lead the price to start recovery attempts that target 0.7049 followed by 0.7215 areas on the near term basis.
Expected trading range for today is between 0.6780 support and 0.7000
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
