The NZDUSD pair faces new negative pressure to move away from the previously broken support of the bullish channel, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, reminding you that our targets begin at 0.7110 and extend to 0.7000, reminding you that it is important to hold below 0.7185 and 0.7225 levels to continue the expected decline.
The expected trading range for today is between 0.7100 support and 0.7200 resistance
The expected trend for today: Bearish