The NZDUSD pair closed the daily candlestick below 0.6860 level, which puts the price under more negative pressure on the intraday basis, to target testing the bullish channel’s support located at 0.6745 before turning back to resume the bullish trend.
Therefore, the bearish bias will be suggested for the upcoming sessions unless we witnessed a breach to 0.6860 level and holding with a daily close above it, noting that stochastic approaches from the oversold areas to support the chances of bouncing bullishly to continue the main bullish track after achieving the above mentioned target.
Expected trading range for today is between 0.6745 support and 0.6940
Expected trend for today: Bearish
Origin: Economies
