The NZDUSD pair managed to break 0.6585 level and closed the daily candlestick below it, which supports the continuation of extending the bearish wave on the intraday and short term basis, paving the way to head towards 0.6481 that represents our next main target.
Therefore, we are waiting for more decline in the upcoming sessions, noting that breaching 0.6585 – 0.6595 levels will push the price to start new recovery attempts on the intraday basis.
The expected trading range for today is betwenen 0.6500 support and 0.6620
The expected trend for today: Bearish