The NZDUSD pair hovers around the EMA50, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the correctional bearish trend, which its targets begin by breaking 0.7084 to open the way to head towards 0.7030 followed by 0.6990 levels.
Therefore, our bearish overview will remain valid unless breaching 0.7170 and holding 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
