The NZDUSD pair completed forming double top pattern to head towards visiting the bullish channel’s support line at 0.7160, making the bearish bias suggested for the upcoming sessions, and we expect to break this support and open the way to extend th bearish wave to achieve more negative targets.
Therefore, we expect witnessing more decline on the intraday basis unless the price managed to breach 0.7225 level and hold above it.
The expected trading range for today is between 0.7110 support and 0.7240
The expected trend for today: Bearish
Origin: Economies
