The NZDUSD pair bounced downwards clearly yesterday to break 0.7375 and begins bearish correction on the intraday basis, expecting the continuation of the correctional decline to test 0.7275 as a next station, to keep the bearish bias dominant in the upcoming sessions.
On the other hand, we should note that breaching 0.7390 will stop the expected decline and lead the price to regain the main bullish trend again.
The expected trading range for today is between 0.7275 support and 0.7400 resistance
The expected trend for today: Bearish