The NZDUSD pair shows positive trades to test the intraday bearish channel’s resistance that appears on the chart, and the EMA50 continues to press negatively on the price, while stochastic shows negative signals now.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which depends on the price stability below 0.6820, while its next target is located at 0.6700.
The expected trading range for today is between 0.6730 support and 0.6825 resistance
The expected trend for today: Bearish
Origin: Economies
