The NZDUSD pair managed to achieve our first target at 0.6710 and bounced bearishly from there, to break the correctional bullish channel’s support line and attempts to hold below it, on its way to achieve more expected decline in the upcoming sessions, and the targets begin by surpassing 0.6615 to open the way to visit the recently recorded low at 0.6530.
Therefore, we expect to witness more bearish bias today unless the price rallied to breach 0.6665 followed by 0.6710 levels and hold above them.
The expected trading range for today is between 0.6570 support and 0.6665 resistance
The expected trend for today: Bearish
Origin: Economies
