The NZDUSD pair succeeded to confirm breaking 0.7285 level to rally bearishly towards our main waited target at 0.7200, as the price is organized inside bearish channel that appears on chart, which supports the chances of continuing the bearish trend on the short term basis, to extend the negative targets towards 0.7100 after breaking the previous level.
Therefore, the bearish trend will remain valid in the upcoming period unless the price managed to breach 0.7285 level and holding above it.
Expected trading range for today is between 0.7120 support and 0.7300
Expected trend for today: Bearish
Origin: Economies
