The EMA50 continues to form strong intraday resistance against the NZDUSD pair’s positive attempts, to keep the trading settled inside the bearish channel that appears on image, which supports continuing the suggest negative scenario in our recent reports, which its next main target is located at 0.8050.
We remind you that breaching 0.8235 will stop the negative overview and push the price to intraday recovery attempts.
Expected trading range for today is between: 0.8000 support and 0.8235 resistance.
Expected trend for today: Bearish