The NZDUSD pair traded with clear positivity to test the minor bearish channel’s resistance that appears on the chart, accompanied by witnessing clear overbought signals through stochastic, waiting to motivate the price to resume the correctional bearish trend, which targets 0.6475 as a next main station.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period, noting that breaching 0.6685 will stop the suggested decline and push the price to resume the main bullish trend again.
The expected trading range for today is between 0.6600 support and 0.6720
The expected trend for today: Bearish
Origin: Economies
