The NZD/USD loses momentum – Analysis – 26/04/2022

nzd_2_newsThe NZDUSD pair hovers around 0.6600 level and finds difficulty to confirm breaking it, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the negative trades and head towards our next target at 0.6530.

Therefore, we will keep our bearish overview unless breaching 0.6690 and holding above it.

The expected trading range for today is between 0.6560 support and 0.6660 resistance

The expected trend for today: Bearish

Origin: Economies

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