The NZDUSD pair opens today’s trading with additional decline to break 0.7050 level and confirm extending the correctional bearish wave, targeting 0.7005 level as a next station, which breaking it represents the key to head towards 0.6955 direct.
Therefore, the bearish trend will remain dominant in the upcoming sessions, noting that breaching 0.7090 will lead the price to attempt to be released from the negative pressure and regain the main bullish trend again.
The expected trading range for today is between 0.6980 support and 0.7090 resistance
The expected trend for today: Bearish
Origin: Economies
