The NZD/USD returns to decline – Analysis – 02/12/2021

news_22_feb_nzd_usd_2The NZDUSD pair declined again after approaching 0.6875 level, supported by the EMA50 that meets the mentioned level, waiting for more decline to visit 0.6700 level as a next main target.

We should note that breaching 0.6875 followed by 0.6905 levels will stop the expected decline and lead the price to start correctional bullish wave on the intraday basis.

The expected trading range for today is between 0.6760 support and 0.6860 resistance

The expected trend for today: Bearish

Origin: Economies

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