The NZD/USD surpasses the first target – Analysis – 18/03/2022

news_22_feb_nzd_usd_1The NZDUSD pair managed to achieve our first waited target at 0.6870 and breached it to settle above it, reinforcing the expctations to continue the domination of the bullish trend, which targets 0.6955 as a next station.

The EMA50 supports the bullish trend, while breaking 0.6870 represents negative factor that will press on the price to decline again.

The expected trading range for today is between 0.6850 support and 0.6955 resistance

The expected trend for today: Bullish

Origin: Economies

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