The NZDUSD pair approached the main bearish channel’s resistance yesterday, but it doesn’t have enough momentum to continue rising, to show some bearish bias now, hinting the price head to resume the main berish trend, especially that stochastic provides clear negative signal now.
Therefore, the bearish trend will be suggested in the upcoming sessions unless breaching 0.6590 level and holding above it, noting that our waited targets begin at 0.6500 and extend to 0.6400.
Expected trading range for today is betwenen 0.6460 support and 0.6600
Expected trend for today: Bearish
Origin: Economies
