The NZDUSD pair traded with clear positivity yesterday to breach 0.7220 level and settles above it, but it begins today with bearish bias to move below the mentioned level, as it faces many negative factors provided by stochastic and the EMA50, which supports the chances of continuing the recently suggested decline, which targets visiting 0.7165 followed by 0.7125 levels as initial stations.
On the other hand, we should note that breaching 0.7240 will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 0.7150 support and 0.7250 resistance
The expected trend for today: Bearish