The NZDUSD pair succeded to achieve our waited target at 0.6875 and attempts to confirm breaking it, reinforcing the expectations of extending the bearish wave to target 0.6800 areas on the near term basis.
The EMA50 supports the expected decline, taking into consideration that failing to break the bearish channel’s support line might push the price to achieve intraday gains and test 0.6970 areas before any new attempt to decline.
The expected trading range for today is between 0.6820 support and 0.6910 resistance
The expected trend for today: Bearish
Origin: Economies
