The NZDUSD pair traded with clear positivity to test the key resistance 0.7300 and keeps its stability below it until now, accompanied by witnessing clear overbought signals through stochastic, waiting to motivate the price to rebound bearishly to resume the expected bearish trend for the upcoming period, which targets 0.7160 mainly.
Moving below the EMA50 supports the suggested decline, which will remain valid unless breaching 0.7300 and holding with a daily close above it.
The expected trading range for today is between 0.7200 support and 0.7330 resistance
The expected trend for today: Bearish