Midday update for the NZDUSD 24-05-2023
Economies.com
2023-05-24 10:03AM UTC
The NZDUSD pair keeps declining strongly to achieve our waited target at 0.6140, noticing that the price presses negatively on this level, to support the chances of breaking it and open the way to continue the bearish wave and visit 0.6080 followed by 0.6020 levels as next main stations.
Therefore, we expect to witness more decline on the intraday basis, noting that it is important to confirm breaking 0.6140 and get a daily close below it to reinforce the negative expectations.
The expected trading range for today is between 0.6100 support and 0.6215 resistance
The expected trend for today: Bearish
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