The NZD/USD under the negative pressure – Analysis – 17/08/2021

nzd_2_newsThe NZDUSD pair broke 0.7000 level strongly and settles below it now, which stops the recently suggested positive scenario and lead the price to turn to decline, on its way to visit 0.6865 areas initially.

Therefore, the bearish bias will be suggested for the upcoming sessions unless we witnessed clear breach to 0.7000 and hold above it again.

The expected trading range for today is between 0.6900 support and 0.7000 resistance

The expected trend for today: Bearish

Origin: Economies

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