The NZD/USD needs additional positive momentum – Analysis – 26/05/2022

news_22_feb_nzd_usd_2The NZDUSD pair trades with slight negativity now to test the intraday bullish channel’s support line, waiting to get positive motive that assist to push the price to resume the bullish wave, which its targets begin at 0.6525 and extend to 0.6620 after surpassing the previous level.

On the other hand, we should note that breaking 0.6405 level will stop the expected rise and press on the price to return to the main bearish track again.

The expected trading range for today is between 0.6430 support and 0.6525 resistance

Origin: Economies

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