Forex Signals – The NZDUSD gets a negative signal – Analysis
The NZDUSD pair fluctuates around the broken support of the rising wedge’s pattern, noticing that stochastic provides clear negative signals now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets breaking 0.7000 to confirm extending the bearish wave towards 0.6895.
On the other hand, we should note that the continuation of the bearish wave requires holding below 0.7095.
The expected trading range for today is between 0.6970 support and 0.7095 resistance
The expected trend for today: Bearish