The NZD/USD resumes the decline – Analysis – 22/09/2021

nzd_1_newsThe NZDUSD pair declined again after attempting to breach 0.7030 level yesterday, to touch our first waited target at 0.6990, and we expect to break this level to open the way to visit 0.6945 as a next correctional target.

Therefore, the negative scenario will remain dominant in the upcoming sessions unless the price rallied to breach 0.7084 and hold above it.

The expected trading range for today is between 0.6960 support and 0.7060 resistance

The expected trend for today: Bearish

Origin: Economies

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