The NZDUSD pair continued to rise to test the bullish channel’s resistance around 0.6190 and keeps its consolidation below it, to keep the chances valid to continue the expected negative scenario for the upcoming period, which its targets begin by testing 0.6100 level.
Stochastic provides negative signals now that support the expectations to decline, noting that breaching 0.6190 will push the price to achieve additional gains and test 0.6240 level as a next positive station.
The expected trading range for today is between 0.6100 support and 0.6200 resistance
The expected trend for today: Bearish