The NZDUSD pair rebounds bearishly after testing the main bearish channel’s resistance that appears on the chart, which supports the chances of resuming the main bearish trend, and we expect to test 0.6665 level initially, which breaking it represents the key to head towards 0.6615 direct.
Therefore, we expect to witness additional negative trades today unless breaching 0.6725 and holding above it.
The expected trading range for today is between 0.6665 support and 0.6750 resistance
The expected trend for today: Bearish
