The NZDUSD pair shows positive trades and attempts to confirm surpassing 0.6890 level, but we notice that stochastic loses its positive momentum, and the negative effect of the double top pattern still active, which encourages us to suggest the bearish bias in the upcoming sessions, waiting to visit 0.6805 as a next target.
We should note that failing to trade below 0.6890 again will lead the price to achieve additional gains that reach 0.6990.
The expected trading range for today is between 0.6840 support and 0.6930 resistance
The expected trend for today: Bearish
Origin: Economies
