The NZDUSD breaks the minor support – Analysis - 27-03-2023
Economies.com
2023-03-27 03:06AM UTC
The NZDUSD pair managed to break 0.6220 level and hold below it, to reinforce the expectations of continuing the decline on the intraday basis, paving the way to visit 0.6140 as a next station, noting that breaking this level will extend the bearish wave to reach 0.6020 as a next target.
Therefore, we are waiting for more expected decline today, taking into consideration that breaching 0.6220 might push the price to test 0.6290 areas again before any new attempt to decline.
The expected trading range for today is between 0.6140 support and 0.6240 resistance
The expected trend for today: Bearish
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