The NZDUSD faces solid resistance – Analysis - 25-01-2023

Economies.com
2 months ago

The NZDUSD pair finds difficulty to surpass 0.6510 level, to show sideways trades now, waiting to get positive momentum that assists to push the price to breach the mentioned level and open the way to head towards 0.6600 as a next target.

 

Therefore, our bullish overview will remain valid and active, noting that holding above 0.6430 is important to achieve the waited targets.

 

The expected trading range for today is between 0.6435 support and 0.6550 resistance

The expected trend for today: Bullish

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