The NZDUSD pair provided positive trades yesterday to test the EMA50 and settles below it, accompanied by stochastic loss to the positive momentum and entering the overbought areas, which supports the chances of bouncing bearishly to resume the main bearish trend, waiting to visit 0.6425 that represents our next main target.
Therefore, the bearish bias will be suggested in the upcoming sessions, conditioned by the price stability below 0.6560.
Expected trading range for today is betwenen 0.6470 support and 0.6600
Expected trend for today: Bearish