The NZD/USD completes positive pattern – Analysis – 10/02/2022

news_22_feb_nzd_usd_2The NZDUSD pair confirmed breaching 0.6665 level after closing the daily candlestick above it, which supports the continuation of the bullish trend scenario efficieintly for the upcoming sessions, noticing that the price completed forming double bottom pattern that adds more strength to the correctional bullish trend, to target 0.6710 followed by 0.6750 levels as next positive stations.

Therefore, we will continue to suggest the bullish trend on the intraday basis conditioned by the price stability above 0.6665 and the most important above 0.6615.

The expected trading range for today is between 0.6640 support and 0.6740 resistance

The expected trend for today: Bullish

Origin: Economies

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