The NZDUSD pair succeeded to achieve our first target at 0.7090 and settles there, expecting to face additional negative pressure to break this level and head towards the next correctional level that reaches 0.7050.
The negative pressure formed by the EMA50 supports the expected decline, while breaching 0.7140 represents positive factor that will stop the suggested negative scenario and lead the price to resume the main bullish trend again.
The expected trading range for today is between 0.7030 support and 0.7140 resistance
The expected trend for today: Bearish
Origin: Economies
