The NZDUSD pair confirmed breaking 0.6780 level after closing the weekly candlestick below it, and as we mentioned in our last technical update, this break opens the way to continue the bearish bias in the upcoming period, opening the way to head towards 0.6698 followed by 0.6614 levels as next main stations.
Therefore, the bearish bias will be suggested on the intraday and short term basis, supported by the negative pressure offered by the EMA50, unless we witnessed a clear breach for 0.6780 followed by 0.6820 levels and holding above them.
Expected trading range for today is between 0.6650 support and 0.6820
Expected trend for today: Bearish
Origin: Economies
