The NZD/USD hits the first target – Analysis – 07/06/2022

nzd_2_newsThe NZDUSD pair resumed its negative trades to touch 0.6465 and attempts to break it, reinforcing the expectations of continuing the bearihs trend, which its next target reaches 0.6405.

The EMA50 supports the suggested bearish wave, which will remain valid unless the price rallied to breach 0.6525 and hold above it.

The expected trading range for today is between 0.6410 support and 0.6510 resistance

Origin: Economies

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