The NZDUSD pair bounced bearishly after testing 0.6525 level in the previous sessions, to settle below the EMA50 now, reinforcing the expectations of continuing the bearish trend, which its next target located at 0.6405.
Holding below 0.6525 is important to continue the expected decline, as breaching it will lead the price to resume the correctional bullish trend.
The expected trading range for today is between 0.6420 support and 0.6520 resistance
Origin: Economies
