The NZDUSD pair faced negative pressure to break the bullish channel’s support line and settles below it, to start bearish correction for the rise measured from 0.5772 to 0.6368, on its way to achieve negative targets that reach 0.6140.
Therefore, the bearish bias will be suggested for today, and breaking 0.6227 is required to reinforce the expectations to decline in the upcoming sessions, noting that breaching 0.6260 will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 0.6170 support and 0.6260 resistance
The expected trend for today: Bearish
Origin: Economies
