The NZDUSD pair couldn’t manage to hold for long time above 0.6955, to trade negatively and head towards achieving expected decline in the upcoming sessions, targeting testing 0.6875 initially, noting that breaking this level will push the price to 0.6790 as a next negative station.
Moving below the EMA50 supports the expected decline, which will remain valid unless the price rallied to breach 0.6955 and hold above it.
The expected trading range for today is between 0.6850 support and 0.6955 resistance
The expected trend for today: Bearish
Origin: Economies
