The NZDUSD pair managed to achieve our initial target at 0.7005 and breaking it to confirm the extension of the bearish wave on the intraday and short term basis, and the way is open for visiting 0.6955 level that represents our next target, waiting for more of the downside moves for today.
The EMA50 supports the suggested negative scenario, which will remain valid unless breaching 0.7090 level and holding above it.
The expected trading range for today is between 0.6930 support and 0.7040 resistance
The expected trend for today: Bearish
Origin: Economies
