The NZDUSD pair could not manage to surpass 0.7050 barrier yesterday, to rebound downwards clearly and break the EMA50 now, which hints that the price is on its way to test the bullish channel’s support that appears on chart, located at 0.6765 now.
Therefore, the bearish bias will be suggested for the upcoming sessions, unless the price managed to breach 0.6925 level and hold above it, noting that we are waiting a bullish rebound after touching the mentioned target to resume the short term bullish trend.
Expected trading range for today is between 0.6765 support and 0.6990
Expected trend for today: Bearish
Origin: Economies
