The NZDUSD pair shows positive trades to test the EMA50 now, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the bearish bias to break 0.6615 and confirm the continuation of the main bearish trend, which its next target located at 0.6530.
Therefore, the bearish trend scenario will remain valid and active unless the price rallied to breach 0.6665 and hold above it.
The expected trading range for today is between 0.6580 support and 0.6670 resistance
The expected trend for today: Bearish
Origin: Economies
