The NZDUSD pair managed to touch our waited target at 0.6480 and settles there now, and continues to move inside the bearish wave that appears on the chart, while the EMA50 keeps pressing negatively on the price.
Therefore, we believe that the chances valid to break the mentioned level and head towards the next correctional level at 0.6414, taking into consideration that failing to achieve the required break and bouncing bullishly to breach 0.6544 will stop the expected decline and leads the price to start recovery attempts and regain the main bullish trend.
The expected trading range for today is between 0.6420 support and 0.6510
The expected trend for today: Bearish