The NZDUSD pair shows sideways trading to settle around 0.6475 level, and the EMA50 forms continuous negative pressure against the price, to keep the bearish trend scenario active on the intraday and short term basis, organized inside the main bullish channel that appears on the chart, waiting to visit 0.6400 level that represents our next main target.
Holding below 0.6500 is important to achieve the waited targets, as breaching it might push ther price to test 0.6650 areas before any new attempt to decline.
Expected trading range for today is betwenen 0.6400 support and 0.6540
Expected trend for today: Bearish