The NZDUSD pair resumed its negative trading yesterday to approach from our first main waited target at 0.6698, waiting to break this level to open the way to head towards 0.6614 level, which represents 61.8% Fibonacci correction level for the rise measured from 0.6343 to 0.7052.
Stochastic loses its positive momentum gradually, while the EMA50 keeps forming negative pressure against the intraday and short term trading, thus, our bearish overview will remain valid for today, unless breaching 0.6780 followed by 0.6835 levels and holding above them.
Expected trading range for today is between 0.6600 support and 0.6835
Expected trend for today: Bearish
Origin: Economies
