The NZD/USD faces solid resistance – Analysis – 15/08/2022

nzd_3_newsThe NZDUSD pair found solid resistance at 0.6455, to rebound bearishly and heads towards potential visit to 0.6380 level, affected by stochastic negativity, noting that the consolidation above the last level will keep the main bullish trend scenario active, which its next target extends to 0.6520.

On the other hand, we should note that breaking 0.6380 will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 0.6380 support and 0.6500 resistance

The expected trend for today: Bullish

Origin: Economies

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