The NZDUSD pair shows bullish bias since morning to move above 0.6818 level, but we notice that the last rise is confined inside minor bullish channel that we believe it forms bearish flag pattern, which means that we need to break 0.6805 to activate the negative effect of this pattern followed by resuming the short term bearish trend.
Therefore, we will continue to suggest the bearish trend for the rest of the day conditioned by holding below 0.6862, reminding you that next main target is located at 0.6618.
Expected trading range for today is between 0.6720 support and 0.6900
Expected trend for today: Bearish