The NZDUSD pair broke the intraday bullish channel’s support line and settled below it, which turns the intraday track to the downside, and the price needs to surpass the EMA50 to confirm the continuation of the decline towards 0.7000 areas mainly.
Therefore, we expect the domination of the bearish trend on the intraday basis unless the price managed to breach 0.7225 and hold above it.
The expected trading range for today is between 0.7090 support and 0.7200 resistance
The expected trend for today: Bearish
Origin: Economies
