The NZDUSD pair tested the intraday bearish channel’s resistance that appears on the chart and started to rebound bearishly from there, to keep the bearish trend scenario active, supported by stochastic negativity, waiting to visit 0.6210 mainly.
Breaking 0.6290 will ease the mission of achieving the waited target, noting that it is important to hold below 0.6325 to continue the expected decline.
The expected trading range for today is between 0.6240 support and 0.6340 resistance
The expected trend for today: Bearish
Origin: Economies
