The NZDUSD pair bounced bearishly after testing the minor bullish channel's resistance that appears on chart, to approach from this channel's support located now at 0.6900, noting that breaking this level will activate the negative effect of the bearish flag pattern that reinforces the continuation of the overall bearish trend scenario, to push the price towards testing the recently recorded low at 0.6818.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions conditioned by holding below 0.6992, reminding you that breaking the mentioned low will push the price to head towards 0.6617 as a next main station.
Expected trading range for today is between 0.6860 support and 0.6992
Expected trend for today: Bearish