The NZDUSD pair attacks 0.7720 level to move above it now, where it is affected by stochastic positivity, while the EMA50 attempts to form resistance barrier to support the continuation of the suggested negative scenario in our morning report.
Therefore, we will keep our bearish trend expectations for today unless holding above 0.7720 – 0.7735 levels.
Expected trading range for today is between: 0.7600 support and 0.7800 resistance.
Expected trend for today: Bearish