The NZDUSD pair shows calm negative trading to continue moving away from the bearish channel’s resistance, falling under continuous negative pressure coming by the EMA50, waiting for more decline in the upcoming sessions, reminding you that our next target is located at 0.6515.
Breaking the mentioned level will push the price to head towards 0.6450 on the near term basis, while breaching 0.6654 will stop the expected decline and push the price to turn to rise.
The expected trading range for today is betwenen 0.6500 support and 0.6600
The expected trend for today: Bearish