The NZDUSD pair settles below 0.7187 level, to keep the negative pressure valid until now, as the price is affected by the negative effect of the head and shoulders’ pattern that appears on chart, waiting for more decline in the upcoming sessions.
Our next targets begin at 0.7100 and extend to 0.6990, noting that holding below 0.7275 represents key condition to continue the expectations of the bearish trend.
Expected trading range for today is between 0.7060 support and 0.7250
Expected trend for today: Bearish
Origin: Economies
