The NZDUSD pair rallies upwards to test the bearish channel’s resistance, and the EMA50 forms continuous negative pressure against the price, to support the chances of resuming the correctional bearish trend, which its next main target located at 0.6945, while achieving it requires holding below 0.7084.
The expected trading range for today is between 0.6930 support and 0.7060 resistance
The expected trend for today: Bearish