The NZDUSD pair broke the intraday bullish channel’s support line and turned to decline on the intraday basis, heading towards visiting 0.7000 level initially, and the chances valid to break this level and achieve more bearish bias in the upcoming sessions, as the next target reaches 0.6945.
Therefore, we expect witnessing more decline today unless the price rallied to breach 0.7090 and hold above it.
The expected trading range for today is between 0.6960 support and 0.7070 resistance
The expected trend for today: Bearish
Origin: Economies
