The NZDUSD pair traded positively yesterday to test 0.6600 barrier, and the price still below the main bearish channel’s resistance, noticing that stochastic begins to provide negative overlapping signal on the four hours’ time frame.
Therefore, we believe that the chances are valid to resume the main bearish trend, which its first target located at 0.6500, while holding below 0.6640 represents key condition to continue the expected decline.
Expected trading range for today is betwenen 0.6500 support and 0.6640
Expected trend for today: Bearish
Origin: Economies
