The NZD/USD confirms the break – Analysis – 11/04/2022

nzd_3_newsThe NZDUSD pair confirmed breaking 0.6875 level and shows more bearish bias now, reinforcing the expectations of continuing the bearish trend, reminding you that our next target is located at 0.6790.

The EMA50 supports the expected decline, noting that breaching 0.6875 will lead the price to start recovery attempts and regain the bullish trend again.

The expected trading range for today is between 0.6770 support and 0.6875 resistance

The expected trend for today: Bearish

Origin: Economies

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