The NZDUSD pair surpassed 0.7140 and settled above it, but we notice that the price faced resistance line that forces it to rebound bearishly again, to keep the chances valid to resume the correctional bearish trend, and the price needs to break the mentioned level and hold below it again to confirm the continuation of the decline.
Therefore, we expect to witness negative trades in the upcoming sessions, and the targets begin at 0.7090 followed by 0.7050, noting that failing to break 0.7140 will stop the expected decline and lead the price to achieve additional gains.
The expected trading range for today is between 0.7090 support and 0.7195 resistance
The expected trend for today: Bearish
Origin: Economies
