The NZDUSD loses momentum – Analysis – 24-10-2023

nzd_2_newsThe NZDUSD pair provides positive trades by today’s open, and it might test the key resistance 0.5900 before turning back to decline.

The technical indicators provide negative signals that support the chances of resuming the expected bearish trend for the upcoming period, which depends on the price stability below the above mentioned resistance, reminding you that our next main target extends to 0.5750.

The expected trading range for today is between 0.5800 support and 0.5900 resistance

The expected trend for today: Bearish

Origin: Economies

 

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