The NZDUSD pair approached our main waited target at 0.6405 and bounced bullishly to test 0.6500 barrier, and it declines now to head towards resuming the expected bearish wave on the intraday basis, supported by stochastic and the EMA50 negativity, noting that breaking 0.6405 will extend the bearish wave to reach 0.6295 followed by 0.6210 areas.
Therefore, the negative scenario will remain valid unless breaching 0.6525 and holding above it.
The expected trading range for today is between 0.6400 support and 0.6500 resistance
Origin: Economies
