The NZDUSD pair managed to break 0.6990 and attempts to hold below it, reinforcing the expectations of continuing the correctional bearish trend, which targets 0.6945 as a next station.
Therefore, we expect to witness more decline on the intraday basis, organized inside the bearish channel that appears on the chart, noting that it is important to hold below 0.7030 and 0.7084 levels to continue the expected decline.
The expected trading range for today is between 0.6930 support and 0.7030 resistance
The expected trend for today: Bearish
Origin: Economies
