The NZD/USD breaks the support – Analysis – 17/01/2022

nzd_3_newsThe NZDUSD pair broke 0.6820 level strongly and settled below it, to head towards resuming the main bearish track again, on its way to visit 0.6700 level mainly.

Therefore, we expect to witness additional decline in the upcoming sessions, noting that breaching 0.6820 will stop the current negative pressure and lead the price to return to the correctional bullish trend again.

The expected trading range for today is between 0.6750 support and 0.6830 resistance

The expected trend for today: Bearish

Origin: Economies

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