Midday update for the NZDUSD 02-06-2021
Economies.com
2021-06-02 10:16AM UTC
The NZDUSD pair faced strong negative pressure to start attacking the key support 0.7220, which urges caution from the upcoming trading, as confirming breaking this level will stop the recently suggested positive scenario and press on the price to return to the correctional bearish track that its next target located at 0.7165, while breaching 0.7265 resistance will reactivate the bullish trend to head towards 0.7305 followed by 0.7400 levels.
Therefore, we prefer staying aside until the price confirms its situation according to the above mentioned levels to detect the next destination clearly.
The expected trading range for today is between 0.7180 support and 0.7300 resistance
The expected trend for today: Neutral
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