The NZDUSD faces solid support – Analysis - 07-07-2022

The NZDUSD pair shows some slight bullish bias now, affected by stochastic positivity, and it might head to test the bearish channel’s resistance around 0.6250 before turning back to decline again.

Until now, the bearish trend scenario will remain active unless the price rallied to breach 0.6250 and hold above it, reminding you that we are waiting to visit 0.6100 as a next main station.

The expected trading range for today is between 0.6100 support and 0.6210 resistance

Open Live Trading Account

The expected trend for today: Bearish