The NZDUSD pair trades with clear negativity to attack the bullish channel’s support line and moves below it, starting to press on the key support 0.6625, which hints the price head to achieve more decline in the upcoming sessions, which makes us prefer staying neutral until the price confirms its situation according to 0.6625 support and 0.6660 resistance.
Note that breaking the mentioned support will press on the price to visit 0.6505 areas before any new attempt to rise, while breaching the resistance represents the key to regain the main bullish trend that its next target located at 0.6750.
The expected trading range for today is between 0.6570 support and 0.6700
The expected trend for today: Depends on the above mentioned levels