The NZD/USD tests additional resistance barriers – Analysis – 17/02/2022

news_22_feb_nzd_usd_2The NZDUSD pair surpassed 0.6665 level to reach the next key resistance 0.6710, and we notice that the price rebounds bearishly from there, to hint heading to achieve more expected decline in the upcoming sessions, noting that breaking 0.6665 will push the price to 0.6615 direct.

Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 0.6710.

The expected trading range for today is between 0.6615 support and 0.6710 resistance

The expected trend for today: Overall bearish

Origin: Economies

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