The NZDUSD pair bounced bullishly to test 0.6875 level, which consolidated against the price’s bullish rally, to resume the negative trades and head towards testing 0.6790 initially, reminding you that breaking this level will extend the bearish wave to reach 0.6690.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.6875 and holding above it.
The expected trading range for today is between 0.6790 support and 0.6890 resistance
The expected trend for today: Bearish
Origin: Economies
