The NZDUSD pair provided additional negative trades yesterday to approach our waited target at 0.6400, showing some temporary rise now affected by stochastic positivity, waiting to resume the bearish wave that moves organized inside the bearish channel that appears on the chart.
Holding below 0.6465 is important to continue the expected decline, as breaching it will lead the price to start correctional bullish wave on the intraday basis before turning back to resume the bearish track again.
The expected trading range for today is between 0.6400 support and 0.6500 resistance
The expected trend for today: Bearish
Origin: Economies
