The NZD/USD begins bullish correction – Analysis – 23/12/2021

news_22_feb_nzd_usd_2The NZDUSD pair reached few pips away from our waited positive target at 0.6825, and we expect to start correctional bullish wave for the decline measured from 0.7217 to 0.6701, noting that breaching 0.6825 will confirm rallying towards 0.6895 as a next positive target.

Therefore, the bullish bias will be suggested for the upcoming period, noting that breaking 0.6770 will stop the bullish bias and press on the price to turn to decline.

The expected trading range for today is between 0.6770 support and 0.6870 resistance

The expected trend for today: Bullish

Origin: Economies

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