The NZDUSD pair provided slight positive trading yesterday nut it shows bearish bias with the opening of today’s trading, which signals that the price under continuous negative pressure, and we expect breaching 0.6915 level in the upcoming sessions, pointing that this level represents one of the next trend keys besides 0.7049 resistance.
As we mentioned in our previous reports, the price needs to breach one of the above mentioned levels to detect its next trend clearly, which keeps our neutrality valid until now, reminding you that breaking 0.6915 will push the price to test 0.6780 level directly, while breaching 0.7049 will lead the price to achieve gains that begin at 0.7215 and extend to 0.7484 after breaching the previous level.
Expected trading range for today is between 0.6850 support and 0.7040
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
