The NZDUSD pair traded with clear negativity after 0.7905 level showed strength against the price positive attempts, which reactivates the bearish trend scenario suggested in our previous reports, which its main targets begin at 0.7720.
Stochastic reaching the oversold areas now might slow down the price mission to decline, but overall, the bearish trend will remain valid unless breaching 0.7905 followed by 0.7960 levels and holding above them.
Expected trading range for today is between: 0.7720 support and 0.7905 resistance.
Expected trend for today: Bearish