The NZDUSD pair breached 0.7145 level clearly and settled above it, but we notice that the EMA50 forms good resistance against the price, to hinder the attempts to achieve more rise, which encourages us to suggest the bearish rebound in the upcoming sessions to resume the correctional bearish trend, which targets 0.7090 followed by 0.7050 levels as next main stations.
On the other hand, we should note that breaching 0.7165 will stop the expected decline and lead the price to return to the main bullish trend again.
The expected trading range for today is between 0.7090 support and 0.7185 resistance
The expected trend for today: Bearish
Origin: Economies
