The NZD/USD crawls downwards – Analysis – 21/09/2021

nzd_2_newsThe NZDUSD pair shows calm negative trades to crawl gradually towards our second waited target at 0.6990, and we expect the continuation of the bearish bias to surpass this level and visit 0.6945 as a next correctional target.

Therefore, we will continue to suggest the bearish trend on the intraday basis, reminding you that the continuation of the bearish wave depends on the price stability below 0.7084.

The expected trading range for today is between 0.6960 support and 0.7070 resistance

The expected trend for today: Bearish

Origin: Economies

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