The NZDUSD pair traded with clear positivity yesterday, and stopped at 23.6% Fibonacci correction level for the decline measured from 0.7034 to 0.6212, to start bouncing bearishly now, on its way to resume the main bearish trend, targeting 0.6315 followed by 0.6212 levels as next main stations.
Therefore, we will continue to suggest the overall bearish trend, noting that breaching 0.6405 will lead the price to achieve additional bullish correction that its next target reaches 0.6525.
The expected trading range for today is between 0.6310 support and 0.6405 resistance
Origin: Economies
