The NZDUSD pair kept its stability below 0.6915 level after retesting it yesterday, which keeps our bearish overview valid until now, supported by the negative pressure formed by the EMA50, and the way is open to visit our next target at 0.6780.
Therefore, we are waiting for more decline in the upcoming sessions, reminding you that breaching 0.6915 will stop the suggested decline and lead the price to achieve gains on the intraday basis.
Expected trading range for today is between 0.6780 support and 0.6950
Expected trend for today: Bearish
Origin: Economies
