The NZDUSD pair bounced downwards strongly after retesting 0.6955 level that was broken previously, to approach our extended target at 0.6875 now, expecting to surpass this level to open the way to achieve additional negative targets that reach 0.6800 areas.
Therefore, the bearish bias will remain expected for the upcoming period, taking into consideration that breaching 0.6955 followed by 0.7005 levels will stop the expected decline and push the price to turn to rise.
The expected trading range for today is between 0.6840 support and 0.6940 resistance
The expected trend for today: Bearish
Origin: Economies
