The NZDUSD pair continues to press on the key support 0.7220, and as we mentioned in our recent report, we are neutral until the price confirms breaking this support or breaching 0.7265 resistance to confirm the next destination clearly.
Note that breaking the mentioned support will complete forming double top pattern that has negative targets that start at 0.7165, while breaching the resistance represents the key to resume the main bullish trend and achieve gains that start at 0.7305 and extend to 0.7400.
The expected trading range for today is between 0.7160 support and 0.7280 resistance
The expected trend for today: Neutral
Origin: Economies
