The NZDUSD is recovering – Analysis - 17-03-2023
Economies.com
2023-03-17 04:17AM UTC
The NZDUSD pair leaned on the key support 0.6140 and bounced bullishly from there, as it found difficulty to break it, to head towards achieving expected gains in the upcoming sessions, and the targets begin by testing 0.6290, noting that breaching this level will confirm stopping the bearish correction that dominates the recent trades and regain the main bullish trend again.
Therefore, we expect to witness more bullish bias in the upcoming sessions supported by the EMA50 that carries the price from below, noting that breaking 0.6140 will put the price under the correctional bearish pressure again.
The expected trading range for today is between 0.6180 support and 0.6290 resistance
The expected trend for today: Bullish
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