The NZDUSD pair begins today with clear positive trades to approach the bearish channel’s resistance that appears on the chart, and as long as the price is below this resistance – at 0.7050 -, our bearish overview will remain valid, which targets 0.6900 as a next station.
Note that breaching the mentioned resistance will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 0.6950 support and 0.7050 resistance
The expected trend for today: Bearish
Origin: Economies
