The NZD/USD breaches the resistance – Analysis – 04/02/2022

news_22_feb_nzd_usd_1The NZDUSD pair begins today with clear positivity to breach 0.6615 and attempts to hold above it, as it completed forming double bottom pattern that supports the chances of achieving more bullish correction in the upcoming sessions, targeting testing 0.6710 followed by 0.6750 levels as next main stations.

Therefore, the bullish bias will be suggested for today unless breaking 0.6650 followed by 0.6615 levels and holding below them.

The expected trading range for today is between 0.6620 support and 0.6750 resistance

The expected trend for today: Bullish

Origin: Economies

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