The NZDUSD pair managed to break 0.6780 level and closed the daily candlestick below it, which reinforce the expectations of continuing the bearish trend in the upcoming period, supported by the EMA50 that forms negative pressure against the intraday and short term trading, and the way is open to visit 0.6698 level as a next main station.
Therefore, our bearish trend expectations will remain valid for the upcoming period conditioned by holding below 0.6840 level, noting that breaking 0.6698 will extend the bearish wave to reach 0.6614.
Expected trading range for today is between 0.6630 support and 0.6840
Expected trend for today: Bearish
Origin: Economie
