The NZDUSD pair begins today with bullish bias to retest 0.7150 level that was broken previously, and the price needs to hold below this level to keep the negative effect of the double top pattern active, which supports the expectations of continuing the bearish correction towards 0.7047 as a next negative target.
Therefore, our bearish overview will remain valid for the upcoming period unless breaching 0.7150 followed by 0.7205 levels and holding above them.
The expected trading range for today is between 0.7050 support and 0.7200
The expected trend for today: Bearish
Origin: Economies
