The NZDUSD pair traded with strong negativity to succeed achieving our extended target at 0.7000, noticing that the price begins today with more decline to attack this level, which hints that the price is on its way to achieve more decline on the intraday and short term basis, as a bearish correction for the entire bullish wave measured from 0.5468 to 0.7464.
Therefore, we expect the domination of the bearish trend in the upcoming sessions, and the next target is located at 0.6895, noting that holding below 0.7000 is required to continue the suggested negative scenario.
The expected trading range for today is between 0.6910 support and 0.7040 resistance
The expected trend for today: Bearish
Origin: Economies
