The NZDUSD pair shows more sideways trading keeping its stability below the previously broken support of the bullish channel that turns into resistance now at 0.7115, thus, we believe that the chances are valid to trade negatively in the upcoming sessions, especially that the EMA50 forms negative pressure against the price.
The expected target of the current bearish wave is located at 0.6821, noting that holding below 0.7115 represents the most important condition to continue the suggested negative scenario.
Expected trading range for today is between 0.6980 support and 0.7170
Expected trend for today: Bearish
Origin: Economies
