The NZDUSD pair faced good support formed by the EMA50 against the price attempts to decline, and the price needs to break 0.6615 level to reinforce the expectations of continuing the bearish trend inside the bearish channel that appears on the chart, waiting to visit 0.6500 level as a next target.
In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.6705 level and holding with a daily close above it.
Expected trading range for today is betwenen 0.6550 support and 0.6705
Expected trend for today: Bearish
Origin: Economies
