The NZD/USD is recovering – Analysis – 09/08/2022

nzd_2_newsThe NZDUSD pair confirmed breaching 0.6257 and holds above it, to reactivate the bullish trend scenario and heads to achieve additional gains on the intraday basis, on its way to visit 0.6320 followed by 0.6380 levels as next positive stations.

Therefore, the bullish trend will be expected for the upcoming sessions unless breaking 0.6257 and holding below it.

The expected trading range for today is between 0.6240 support and 0.6340 resistance

The expected trend for today: Bullish

Origin: Economies

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