The NZD/USD hits the first target – Analysis – 15/05/2023

nzd_3_newsThe NZDUSD pair succeeded to achieve our first waited target at 0.6200 and settles there now, waiting for more bearish bias to achieve our next main target at 0.6140.

Stochastic current positivity might cause some temporary sideways fluctuation, waiting to get negative motive that assists to push the price to achieve the new target, being aware that breaching 0.6290 will stop the negative scenario and lead the price to build new bullish wave on the intraday basis.

The expected trading range for today is between 0.6140 support and 0.6240 resistance

The expected trend for today: Bearish

Origin: Economies

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