The NZD/USD confirms the breach – Analysis – 04/08/2022

news_22_feb_nzd_usd_2The NZDUSD pair confirmed breaching 0.6257 level after closing the daily candlestick above it, to reactivate the bullish trend scenario and head towards achieving new gains that start at 0.6320 and extend to 0.6380 after breaching the previous level.

Therefore, the bullish bias will be suggested on the intraday basis unless breaking 0.6257 and holding below it.

The expected trading range for today is between 0.6250 support and 0.6350 resistance

The expected trend for today: Bullish

Origin: Economies

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