The NZDUSD pair broke 0.6290 level clearly and settled below it, to approach the bullish channel’s support line that appears on the chart, facing contradiction between the technical indicators that makes us prefer to stay aside until we get clearer signal for the next trend, through breaking 0.6225 support or breaching 0.6290 resistance.
Note that breaching the mentioned resistance will lead the price to resume the main bullish track and head to achieve gains that start at 0.6350 and extend to 0.6440, while breaking the support represents negative factor that will push the price to suffer additional losses that reach 0.6140.
The expected trading range for today is between 0.6210 support and 0.6310 resistance
The expected trend for today: Neutral
Origin: Economies
