The NZDUSD pair begins today’s trading with clear bearish bias to move away from 0.6625 level, which supports the continuation of our correctional bearish trend, which targets testing 0.6545 level as a next station, noting that breaking this level will push the price to 0.6480 direct.
Therefore, we are waiting for more decline in the upcoming sessions conditioned by the price stability below 0.6625.
The expected trading range for today is between 0.6520 support and 0.6600
The expected trend for today: Bearish