The NZDUSD pair opens today’s trading with bearish bias to resume the main bearish track, waiting to visit 0.6500 level as a next station, to continue moving inside the main bearish channel that appears on the chart.
The EMA50 supports the expected decline, noting that breaching 0.6666 will stop the expected bearish bias and push the price to start bullish correction on the intraday basis before turning back to decline again.
Expected trading range for today is betwenen 0.6470 support and 0.6620
Expected trend for today: Bearish
Origin: Economies
