The NZDUSD pair broke the bullish channel’s support line clearly and settled below it, to start bearish correction for the rise measured from 0.6805 to 0.7170, noting that breaking 0.7084 will confirm heading towards 0.7030 as a next correctional target.
Therefore, the bearish bias will be suggested for the upcoming sessions, noting that breaching 0.7130 will stop the expected decline and lead the price to regain the bullish trend again.
The expected trading range for today is between 0.7030 support and 0.7150 resistance
The expected trend for today: Bearish