The NZDUSD pair bounced bearish after approaching the bearish channel’s resistance, to start pressing on 0.7000 level, reinforcing the expectations of continuing the bearish trend, which its next main target located at 0.6900.
Stochastic supports the expected decline, which will remain valid and active unless breaching 0.7040 and holding above it.
The expected trading range for today is between 0.6920 support and 0.7020 resistance
The expected trend for today: Bearish
Origin: Economies
