The NZDUSD pair succeeded to break the rising wedge’s support line mentioned yesterday and settled below it, to activate the negative effect of this pattern, waiting for more decline to break 0.7000 and confirm opening the way to head towards 0.6895 that represents our next negative target.
Therefore, the bearish trend scenario will remain valid and active for the upcoming sessions unless the price rallied to breach 0.7095 and hold above it.
The expected trading range for today is between 0.6950 support and 0.7070 resistance
The expected trend for today: Bearish