NZDUSD heads towards the resistance – Analysis - 23-01-2019

The NZDUSD pair traded with clear positivity yesterday to cancel the negative pattern mentioned in our recent reports, but it’s still below the key resistance 0.6795, accompanied by stochastic reach to the overbought areas, which supports the chances of resuming the expected bearish trend on the intraday basis, which targets 0.6654 level as a next station.

Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 0.6795 level and holding above it.

Expected trading range for today is betwenen 0.6700 support and 0.6820

Expected trend for today: Bearish