The NZDUSD pair broke 0.6955 level and settled below it, to turn to decline on the intraday and short term basis and heads to visit 0.6875 initially, noting that breaking this level will cause more decline that its next target reaches 0.7690.
Therefore, we expect to witness more decline in the upcoming sessions unless the price managed to breach 0.6955 and hold above it again.
The expected trading range for today is between 0.6860 support and 0.6960 resistance
The expected trend for today: Bearish
Origin: Economies
