The NZDUSD pair shows some bullish bias affected by stochastic positivity, which loses its bullish momentum gradually on the intraday time frames, which forms negative factor that we are waiting to motivate the price to resume the bearish trend in the upcoming sessions, especially that the EMA50 keeps the pressure on the intraday and short term trading.
Therefore, we are waiting a bearish rebound to target 0.6698 followed by 0.6614 levels as next main stations, noting that the continuation of the bearish wave depends on the stability below 0.6845 level.
Expected trading range for today is between 0.6630 support and 0.6845
Expected trend for today: Bearish
Origin: Economies
