The NZD/USD tests the support – Analysis – 09/03/2022

nzd_1_newsThe NZDUSD pair tests the key support 0.6790 and keeps its stability above it until now, noticing that the EMA50 meets this support to add more strength to it, waiting to resume the positive trades to visit 0.6870 as a first target.

On the other hand, we should note that breaking 0.6790 will stop the suggested positive scenario and press on the price to turn to decline.

The expected trading range for today is between 0.6760 support and 0.6900 resistance

The expected trend for today: Bullish

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