The NZD/USD keeps declining – Analysis – 15/03/2022

usd-nzdThe NZDUSD pair completed forming the double top pattern to get strong negative motive that pushes the price to approach our main waited target at 0.6690, and we expect to surpass this level to open the way to achieve more negative targets in the upcoming period, which reach 0.6625 followed by 0.6530.

Moving below the EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 0.6790.

The expected trading range for today is between 0.6680 support and 0.6790 resistance

The expected trend for today: Bearish

Origin: Economies

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