The NZDUSD pair resumed its negative trading after testing the EMA50, to support the continuation of the bearish trend scenario, which targets 0.7160 as a first main station.
Note that breaking the targeted level will press on the price to achieve additional negative targets on the intraday and short term basis, while the expected decline will remain valid unless breaching 0.7300 and holding above it.
The expected trading range for today is between 0.7180 support and 0.7300 resistance
The expected trend for today: Bearish