The NZDUSD pair opens today’s trading with strong decline to break the bullish channel’s support that appears on chart and settles below it, which stops the positive overview suggested in our recent reports and lead the price to turn to decline, targeting 0.6862 areas as a next main station.
The EMA50 pushes negatively on the price to support the decline expectations, which will remain dominant unless the price managed to breach 0.7080 level and hold above it.
Expected trading range for today is between 0.6900 support and 0.7100
Expected trend for today: Bearish
Origin: Economies
