The NZDUSD approaches the target – Analysis 08-11-2023

nzd_2_newsThe NZDUSD pair settles around 0.5930, waiting for more bearish bias to test 0.5900 level that represents our main target, reminding you that breaking it will extend the bearish wave to reach 0.5850 areas.

Until now, the bearish trend scenario still active, reminding you that it is important to hold below 0.5960 as an initial condition to the continuation of the expected decline.

The expected trading range for today is between 0.5880 support and 0.5980 resistance

The expected trend for today: Bearish

Origin: Economies

 

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