The NZDUSD pair succeeded to achieve our waited target at 0.6300 and attempted to break it, to support the chances of continuing the domination of the bearish trend on the longer term basis, which moves inside the bearish channel that has additional negative targets that reach 0.6230.
Therefore, we expect to witness more decline in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that holding below 0.6465 represents the most important to condition to continue the suggested bearish wave.
The expected trading range for today is between 0.6270 support and 0.6375 resistance
Origin: Economies
