The NZD/USD approaches the target – Analysis – 17/12/2021

news_22_feb_nzd_usd_1The NZDUSD pair found solid resistance at 0.6830, to rebound bearishly after approaching our waited correctional target at 0.6850 and heads to achieve more expected decline in the upcoming sessions, to start the negative targets by testing 0.6735, which breaking it represents the key to rally towards 0.6650 as a next negative target.

Therefore, the bearish bias will be suggested for today unless the price rallied to breach 0.6850 and hold above it.

The expected trading range for today is between 0.6720 support and 0.6830 resistance

The expected trend for today: Bearish

Origin: Economies

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