The NZD/USD breaks the support – Analysis – 25/01/2022

nzd_2_newsThe NZDUSD pair confirmed breaking 0.6700 level after closing the daily candlestick below it, which supports the continuation of the expected bearish trend scenario efficiently in the upcoming sessions, paving the way to head towards 0.6630 that represents our next target.

The EMA50 conitnues to support the suggested bearish wave, noting that holding below 0.6700 represents the first condition to continue the expected decline.

The expected trading range for today is between 0.6610 support and 0.6700 resistance

The expected trend for today: Bearish

Origin: Economies

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