The NZDUSD pair opens today’s trading with clear negativity after approaching 0.6990 level, to keep the bearish trend scenario valid and active, supported by the negative pressure formed by the EMA50, reminding you that our targets begin at 0.6890 and extend to 0.6805 after breaking the previous level.
Stochastic negativity adds more support to the suggested negative scenario, which will remain valid unless breaching 0.6990 level and holding above it.
The expected trading range for today is between 0.6860 support and 0.6975 resistance
The expected trend for today: Bearish
Origin: Economies
