The NZDUSD pair’s rise stopped yesterday at the resistance barrier formed by the EMA50, to begin the attempts to resume the short term bearish bias, supported by stochastic loss to its positive momentum on the intraday time frames.
Therefore, we will continue to suggest the bearish trend for today conditioned by the stability below 0.6781 and 0.6860 levels, waiting to break 0.6698 level to open the way to head towards our next main target at 0.6614.
Expected trading range for today is between 0.6614 support and 0.6800
Expected trend for today: Bearish
Origin: Economies
