The NZDUSD approaches the target – Analysis - 22-03-2023
Economies.com
2023-03-22 03:19AM UTC
The NZDUSD pair keeps declining to settle below the EMA50, waiting for more bearish bias to visit 0.6140 that represents our main target, noting that breaking this level will push the price to achieve additional decline that its next target reaches 0.6020 areas.
Moving below the EMA50 supports the continuation of the expected bearish trend, noting that breaching 0.2600 will push the price to recover and head to test 0.6290 initially.
The expected trading range for today is between 0.6130 support and 0.6240 resistance
The expected trend for today: Bearish
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