The NZDUSD is affected by the negative momentum – Analysis - 05-08-2022
Economies.com
2022-08-05 04:13AM UTC
The NZDUSD pair shows some slight bearish bias now, affected by stochastic negativity, which attempts to gain the positive momentum on the intraday time frames, waiting to resume the bullish wave that its targets begin breaching 0.6320 to open the way to visit 0.6380.
The bullish channel continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 0.6257.
The expected trading range for today is between 0.6230 support and 0.6350 resistance
The expected trend for today: Bullish
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