The EURNZD pair formed new bearish channel recently, to reinforce the domination of the bearish bias, to notice the rebound from the moving average at 1.6965, recording some negative targets by reaching 1.6735.
Note that stochastic starts to provide the additional negative momentum, to increase the chances of forming new negative attack and target 1.6590 followed by pressing on 1.6320 obstacle.
The expected trading range for today is between 1.6830 and 1.6600
The expected trend for today: Bearish