The NZDUSD pair begins today’s trading with bearish bias after the rise that it witnessed yesterday, as we notice that stochastic provides negative signal to motivate the price to resume the bearish trend, waiting to break 0.7185 level to confirm opening the way to head towards 0.7107 as a next main station.
Therefore, the bearish trend will remain suggested for today unless breaching 0.7281 level and holding above it.
Expected trading range for today is between 0.7120 support and 0.7281
Expected trend for today: Bearish