The NZD/USD reaches the target – Analysis – 08/04/2022

news_22_feb_nzd_usd_1The NZDUSD pair continues to decline to reach our waited negative target at 0.6875, and we suggest breaking this level to open the way to achieve more decline in the upcoming period, noting that the next target reaches 0.6790.

On the other hand, we should note that failing to break the above mentioned level will lead the price to start intraday bullish wave that targets testing 0.6955 initially.

The expected trading range for today is between 0.6820 support and 0.6920 resistance

The expected trend for today: Bearish

Origin: Economies

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