The NZDUSD pair rallied upwards to few pips away from our waited positive target at 0.6405, noticing that the price rebounds bearishly by today’s open, to head towards resuming the bearish trend to visit 0.6210 areas on the near term basis.
Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 0.6405 and hold above it.
The expected trading range for today is between 0.6260 support and 0.6370 resistance
The expected trend for today: Bearish