The NZD/USD keeps its positive stability – Analysis – 09/08/2021

nzd_3_newsThe NZDUSD pair tested 0.7000 level and kept its stability above it, to keep the bullish trend scenario valid and active for the upcoming period, supported by stochastic positivity, waiting to head towards 0.7100 initially.

On the other hand, we should note that breaking 0.7000 and holding below it will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 0.6980 support and 0.7100 resistance

The expected trend for today: Bullish

Origin: Economies

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