The NZDUSD pair broke the bullish channel’s support line strongly and begins pressing on the EMA50, to head towards achieving bearish correction for the rise measured from 0.6589 to 0.7171, on its way to visit 0.7034 as a first correctional target.
Therefore, we expect witnessing more decline in the upcoming sessions unless the price managed to rally bullishly to breach 0.7125 and hold above it.
The expected trading range for today is between 0.7034 support and 0.7150
The expected trend for today: Bearish
Origin: Economies
