The NZDUSD faces temporary negative pressure – Analysis 02-01-2024

nzd_3_newsThe NZDUSD pair shows new bullish bias to reach the key support 0.6290, waiting to rebound bullishly to resume the main bullish trend again, noting that the next target reaches 0.6425.

Therefore, the positive scenario will remain active for the upcoming period, noting that breaking 0.6290 will push the to suffer additional losses and head to test 0.6215 areas before any new attempt to rise.

The expected trading range for today is between 0.6270 support and 0.6360 resistance

The expected trend for today: Bullish

Origin: Economies

 

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