The NZD/USD resumes the decline – Analysis – 28/02/2022

com-l7The NZDUSD pair tested 0.6750 level but it decline again to settle below 0.6710, waiting to break 0.6665 to ease the mission of achieving our negative targets that start at 0.6615 and extend to 0.6530 after breaking the previous level.

Stochastic shows negative signals that support the continuation of theexpected negative scenario, which will remain valid conditioned by the price stability below 0.6710.

The expected trading range for today is between 0.6600 support and 0.6740 resistance

The expected trend for today: Bearish

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