The NZDUSD breaks the support – Analysis - 31-01-2023
4 months ago

The NZDUSD pair broke the bullish channel’s support line clearly and turns to decline on the intraday basis, targeting visiting 0.6365 followed by 0.6275 levels as main negative targets.


Therefore, the bearish bias will be expected for today, and breaking 0.6430 will ease the mission of achieving the suggested targets, noting that breaching 0.6510 will stop the expected decline and lead the price to resume the main bullish track again.


The expected trading range for today is between 0.6370 support and 0.6500 resistance

The expected trend for today: Bearish

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