The NZD/USD approaches the target – Analysis – 21/04/2023

news_22_feb_nzd_usd_1The NZDUSD pair shows new negative trades to approach the waited at 0.6140 again, getting negative signals through the technical indicators, which supports the chances of breaking this level and head to achieve more bearish correction that targets 0.6020 areas as a next main station.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 0.6210 will push the price to test 0.6290 areas before any new attempt to decline.

The expected trading range for today is between 0.6100 support and 0.6200 resistance

The expected trend for today: Bearish

Origin: Economies

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