The NZDUSD pair couldn’t manage to hold for long time above 0.6525, to break it and settle below it, which puts the price under expected negative pressure in the upcoming sessions, on its way to visit 0.6465 followed by 0.6405 levels as next negative stations.
Therefore, we expect to witness more decline today unless the price managed to breach 0.6525 and hold above it again.
The expected trading range for today is between 0.6450 support and 0.6540 resistance
Origin: Economies
