The NZDUSD breaks the support – Analysis - 04-01-2022
Economies.com
2022-01-04 05:18AM UTC
The NZDUSD pair broke 0.6780 level strongly and closed the daily candlestick below it, to hint potential turn to decline, but it begins today with bullish bias affected by stochastic positivity, which makes us prefer to stay aside until we get clearer signal for the next trend.
Note that breaching 0.6830 will reactivate the correctional bullish scenario that targets 0.6895 level as a next positive station, while breaking 0.6780 and holding below it will press on the price to decline towards 0.6700 initially.
The expected trading range for today is between 0.6740 support and 0.6850 resistance
The expected trend for today: Neutral
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