The NZD/USD keeps declining – Analysis – 28/01/2022

news_22_feb_nzd_usd_1The NZDUSD pair managed to surpass 0.6630 to decline clearly and confirm the extension the bearish wave, and the way is open to visit 0.6535 that represents our next target.

Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the negative pressure formed by the EMA50, noting that holding below 0.6700 is important to continue the suggested negative scenario.

The expected trading range for today is between 0.6510 support and 0.6620 resistance

The expected trend for today: Bearish

Origin: Economies

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