The NZDUSD attempts positively – Analysis - 05-07-2022
Economies.com
2022-07-05 03:48AM UTC
The NZDUSD pair provided positive trades yesterday but it stopped at the EMA50 that formed good resistance against the price, to decline again and test 0.6210 level, waiting for more bearish bias to head towards our next main target at 0.6100.
Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 0.6270.
The expected trading range for today is between 0.6150 support and 0.6250 resistance
The expected trend for today: Bearish
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