The NZDUSD pair trades with bearish bias after touching the minor bullish channel’s resistance mentioned this morning, which supports continuing the expected bearish trend for today, and we are waiting to break 0.6585 level to activate the negative effect of the bearish flag pattern followed by heading towards 0.6395 as a next main station.
In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.6820 level and holding above it.
Expected trading range for today is between 0.6500 support and 0.6800 resistance.
Expected trend for today: Bearish