The NZDUSD pair begins today with strong negativity to attack 0.6862 level and break it, which activates the bearish trend scenario on the intraday and short term basis, opening the way to visit 0.6780 level as a next main station.
Therefore, the bearish bias will be suggested in the upcoming sessions, and breaking the targeted level will extend the pair’s losses to reach 0.6614, while the expected decline will remain valid unless breaching 0.6915 level and holding above it.
Expected trading range for today is between 0.6730 support and 0.6915
Expected trend for today: Bearish
Origin: Economies
