The NZDUSD pair trades with clear positivity now to approach 0.6875 level, and as we mentioned in our recent reports, holding below this level is important to continue the expected bearish trend on the intraday and short term basis, as breaching it followed by breaching 0.6915 will push the price to turn to rise and achieve gains that start by testing 0.6995 areas.
The EMA50 continues to support the expected bearish wave, which its next main target located at 0.6700.
The expected trading range for today is between 0.6780 support and 0.6900 resistance
The expected trend for today: Bearish
Origin: Economies
