The NZDUSD pair found a strong support at 0.7005 level to bounce higher and tests the initial resistance at 0.7050, and we believe that the bearish correctional trend will keep controlling the price by its stability below 0.7090, supported by the EMA50 and stochastic, waiting for heading to 0.6955 as a next main station.
You should be aware that breaching 0.7090 will stop the expected decline and leads the price to recover and achieve gains that begin at 0.7135 and extend to 0.7215.
The expected trading range for today is between 0.6990 support and 0.7090 resistance
The expected trend for today: Bearish
Origin: Economies
