The NZDUSD pair declined strongly yesterday to break 0.7220 and surpass the first expected negative target at 0.7165, to achieve bearish correction that its targets extend to 0.7080, which makes us suggest witnessing more decline in the upcoming sessions.
Moving below the EMA50 supprots the expected decline, which will remain valid unless the price rallied to breach 0.7220 and hold above it again.
The expected trading range for today is between 0.7080 support and 0.7180 resistance
The expected trend for today: Bearish
Origin: Economies
