The NZDUSD pair reached 0.6355 barrier and bounced bearishly from there, which forms 61.8% Fibonacci correction level for the last bearish wave, and by taking a deeper look at the chart, we find that the recent rise is confined inside potential rising wedge pattern, which hints the price head to resume the main bearish trend, and it needs to break 0.6300 to confirm achieving more decline in the upcoming sessions.
Therefore, we expect the domination of the bearish trend today, and breaking 0.6300 will confirm rallying towards 0.6260 followed by 0.6200 levels, while breaching 0.6355 will lead the price to achieve additional gains that reach 0.6450.
The expected trading range for today is between 0.6260 support and 0.6350
The expected trend for today: Bearish