The NZDUSD pair started today’s trading with clear positivity and attempted to breach 0.7338 level, but it returns to decline now and trades below the mentioned level, as it gets negative overlapping signal through stochastic, which reinforces the chances of continuing the decline today.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 0.7423 and holding above it, reminding you that our waited targets begin at 0.7285 and extend to 0.7200.
Expected trading range for today is between 0.7200 support and 0.7380
Expected trend for today: Bearish
Origin: Economies
