The NZDUSD needs negative motive – Analysis 09-11-2023

nzd_usd_forex_The NZDUSD pair reached few pips away from our waited target at 0.5900, and we expect to surpass this level to open the way to achieve additional negative targets that reach 0.5850, waiting to get negative motive that assist to push the price to achieve the required break.

On the other hand, we should note that breaching 0.5960 will stop the expected decline and lea the price to recover and achieve gains that reach 0.6020 on the near term basis.

The expected trading range for today is between 0.5865 support and 0.5960 resistance

The expected trend for today: Bearish

https://dylta6p24nxqg.cloudfront.net/images/1699501331.png

Origin: Economies

 

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