The NZDUSD pair settles below the main bullish channel’s support line that appears on the chart, noticing that stochastic shows clear negative signals now, which support the chances of resuming the recently suggested bearish trend, which targets 0.7100 level initially.
Therefore, we expect witnessing negative trades today unless breaching 0.7220 and holding with a daily close above it.
The expected trading range for today is between 0.7150 support and 0.7250 resistance
The expected trend for today: Bearish
Origin: Economies
