The NZDUSD confirms the break – Analysis - 04-07-2022
The NZDUSD pair managed to achieve our extended target at 0.6150, and bounced bullishly to breach 0.6210 that forms key resistance now, as it keeps its stability below it until now, to support the continuation of the expected negative scenario on the intraday and short term basis, waiting to get negative motive that assist to push the price to surpass 0.6150 and head towards 0.6100 as a next target.
Therefore, the bearish trend scenario will remain valid unless breaching 0.6210 followed by 0.6280 levels and holding above them.
The expected trading range for today is between 0.6150 support and 0.6250 resistance
The expected trend for today: Bearish