The NZDUSD hits the second target – Analysis - 14-06-2021
Economies.com
2021-06-14 04:42AM UTC
The NZDUSD pair succeeded to achieve our second waited target at 0.7125 after the strong decline that it witnessed in the previous sessions, and shows some temporary bullish bias on its way to test 0.7165 before turning back to decline again, as we suggest surpassing 0.7125 to head towards 0.7080 as a next negative station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.7165 followed by 0.7220 levels and holding above them.
The expected trading range for today is between 0.7080 support and 0.7180 resistance
The expected trend for today: Bearish
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