The NZDUSD pair traded positively yesterday to test the EMA50 that forms good resistance around 0.7210, accompanied by stochastic loss to the positive momentum, which support the chances of continuing the negative scenario suggested yesterday, which target 0.7100 level initially.
Therefore, we will keep our bearish overview unless breaching 0.7210 and holding with a daily close above it.
The expected trading range for today is between 0.7130 support and 0.7230 resistance
The expected trend for today: Bearish