The NZDUSD pair keeps its stability below the broken support of the bullish channel that appears on chart, which keeps our bearish overview valid until now, waiting to test 0.7338 level, noting that breaking this level will push the price to extend the bearish wave on the short term basis, to target 0.7285 and might extend to 0.7200 areas.
In general, the bearish trend will remain valid and active in the upcoming period unless breaching 0.7423 level and holding above it.
Expected trading range for today is between 0.7250 support and 0.7423
Expected trend for today: Bearish
Origin: Economies
