The NZDUSD pair begins today’s trading with bearish bias approaching from the key support 0.6395, which breaking it represents the key to continue the bearish trend on the short term basis, as our next target is located at 0.6000.
Therefore, the negative scenario still valid and active for the upcoming period supported by the EMA50, conditioned by holding below 0.6525 and 0.6625 levels.
Expected trading range for today is between 0.6300 support and 0.6525 resistance.
Expected trend for today: Bearish