The NZDUSD pair touched 0.6225 level and declined strongly from there, to resume the main bearish trend that moves within the bearish channel that appears on the chart, waiting for more decline that targets 0.6060 level as a next main station.
Therefore, the bearish bias will be suggested for the upcoming sessions, supported by the EMA50, noting that holding below 0.6180 is important to continue the expected decline.
The expected trading range for today is between 0.6050 support and 0.6160 resistance
The expected trend for today: Bearish
Origin: Economies
