The NZD/USD within tight track – Analysis – 17/05/2023

nzd_1_newsThe NZDUSD pair shows tight trades since yesterday, settling around 0.6250 level, thus, no change to the expected bearish trend on the intraday basis, which depends on the price stability below 0.6290, supported by the negative pressure formed by the EMA50, reminding you that our next main target is located at 0.6140.

The expected trading range for today is between 0.6180 support and 0.6290 resistance

The expected trend for today: Bearish

Origin: Economies

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