The NZDUSD begins with strong negativity – Analysis 04-10-2023

nzd_1_newsThe NZDUSD pair opens today with strong negativity to break 0.5900 and attempts to hold below it, reinforcing the expectations of continuing the domination of the bearish trend in the upcoming sessions, waiting to visit 0.5835 that represents our next target.

Therefore, we are waiting for more expected decline on the intraday basis, noting that breaching 0.5900 followed by 0.5930 will stop the suggested negative scenario and lead the price to turn to rise.

The expected trading range for today is between 0.5820 support and 0.5920 resistance

The expected trend for today: Bearish

https://dylta6p24nxqg.cloudfront.net/images/1696391387.png

Origin: Economies

 

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