The NZDUSD pair ended yesterday below 0.7220 level, to confirm the continuation of the expected bearish trend on the intraday and short term basis, waiting to visit 0.7165 followed by 0.7125 levels as initial negative targets.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 0.7230.
The expected trading range for today is between 0.7130 support and 0.7230 resistance
The expected trend for today: Bearish