The NZDUSD pair provided positive trades yesterday and approached 0.7220 resistance line as expected, and begins to rebound bearishly to resume the correctional bearish track, supported by the negative signals that appear on stochastic and the EMA50, waiting to break 0.7165 level to confirm heading towards 0.7125 as a next target.
Therefore, the bearish trend will remain valid and active conditioned by the price stability below 0.7220.
The expected trading range for today is between 0.7130 support and 0.7220 resistance
The expected trend for today: Bearish