The NZDUSD pair shows some positive bias to approach from retesting 0.7905 level, while the EMA50 puts negative pressure on the intraday trading, to support the continuation of the bearish overview in the upcoming period, which targets visiting 0.7720 level mainly.
It’s important to monitor the price when beginning the process of breaching 0.7905 level, as confirming this breach will lead the price to positive attempts that target turning back to the general bullish trend again, with targets that begin at 0.8180 mainly.
Expected trading range for today is between: 0.7720 support and 0.7950 resistance.
Expected trend for today: Bearish