The NZDUSD pair managed to touch our waited target at 0.6530 and settles there, to hint heaing to surpass this level and open the way to extend the bearish wave on the longer term basis, to target 0.6400 areas as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that failing to confirm breaking the current areas will lead the price to start recovery attempts and head to visit 0.6690 areas mainly.
The expected trading range for today is between 0.6480 support and 0.6580 resistance
The expected trend for today: Bearish
Origin: Economies