The NZDUSD pair bounced bearishly after approaching 0.7170 level, to record lower high that hints heading to achieve additional bearish correction in the upcoming sessions, and it needs to break 0.7084 to confirm rallying towards 0.7030 followed by 0.6990 levels as main negative targets.
Therefore, we expect to witness more decline on the intraday basis unless the price rallied to breach 0.7170 and hold above it.
The expected trading range for today is between 0.7050 support and 0.7150 resistance
The expected trend for today: Bearish
Origin: Economies
