The NZD/USD breaches the resistance – Analysis – 01/11/2022

nzd_2_newsThe NZDUSD pair begins today with clear positivity to attack 0.5835 level and attempts to hold above it, which hints heading to achieve more bullish correction in the upcoming sessions, on its way to test 0.5910 as a next positive station.

Therefore, the bullish bias will be suggested for today, noting that failing to consolidate above 0.5835 will press on the price to decline towards 0.5760 initially.

The expected trading range for today is between 0.5790 support and 0.5900 resistance

The expected trend for today: Bullish

Origin: Economies

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