The NZD/USD completes positive pattern – Analysis – 23/02/2022

nzd_2_newsThe NZDUSD pair breached the bearish channel’s resistance line clearly and settled above 0.6750 level, to complete forming double bottom pattern that its signs appear on the chart, which leads the price to achieve expected additional rises in the upcoming sessions, targeting 0.6805 followed by 0.6890 levels mainly.

Therefore, the bullish bias will be suggested on the intraday basis unless breaking 0.6710 and holding below it.

The expected trading range for today is between 0.6725 support and 0.6810 resistance

The expected trend for today: Bullish

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