The NZDUSD pair retested the broken support of the bullish channel and keeps its stability below it until now, while stochastic loses its positive momentum to reach the overbought areas.
Therefore, these factors support the continuation of the expected bearish trend for the upcoming period, which targets 0.7110 followed by 0.7000 levels as next main stations, while breaching 0.7195 followed by 0.7215 levels represents the key to return to the bullish track again.
The expected trading range for today is between 0.7100 support and 0.7220 resistance
The expected trend for today: Bearish
Origin: Economies
