The NZDUSD awaits more decline – Analysis - 30-05-2023
Economies.com
2023-05-30 04:12AM UTC
The NZDUSD pair shows more bearish bias to move near 0.6020 level, noticing that stochastic overlaps negatively now, to motivate the price to provide additional negative trades and break the mentioned level to open the way to head towards 0.5900 as a next main target.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, reminding you that it is important to hold below 0.6140 to continue the expected decline.
The expected trading range for today is between 0.5980 support and 0.6080 resistance
The expected trend for today: Bearish
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