The NZDUSD pair shows sideways trades in the previous sessions, falling under continuous negative pressure coming by the EMA50, waiting to push the price to resume the main bearish wave, which targets 0.6100 as a next station.
The bearish channel supports the expected bearish wave on the intraday and short term basis, which will remain valid unless breaching 0.6230 and holding above it.
The expected trading range for today is between 0.6110 support and 0.6220 resistance
The expected trend for today: Bearish