The NZDUSD pair faced strong negative pressure yesterday to break 0.6467 and heads towards expected visit to the bullish channel’s support line around 0.6270, and it might continue the decline towards the key support base 0.6240.
Therefore, we expect the continuation of the bearish bias in the upcoming sessions, taking into consideration that breaching 0.6380 will stop the current decline and lead the price to regain the bullish trend again.
The expected trading range for today is between 0.6250 support and 0.6380 resistance
The expected trend for today: Bearish