The NZD/USD breaks the support – Analysis – 08/08/2022

nzd_3_newsThe NZDUSD pair broke 0.6257 level strongly and settled below it, to fall under expected negative pressure in the upcoming sessions, targeting visiting 0.6182 level mainly.

Therefore, the bearish bias will be suggested for today, noting that breaching 0.6257 and holding above it again will reactivate the positive scenario that its next target located at 0.6318.

The expected trading range for today is between 0.6180 support and 0.6280 resistance

The expected trend for today: Bearish

Origin: Economies

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