The NZDUSD loses momentum – Analysis - 10-01-2022
Economies.com
2022-01-10 04:53AM UTC
The NZDUSD pair shows some bullish bias now, but it faces continuous negative pressure coming by the EMA50, to support the continuation of the expected bearish trend for the upcoming period, which targets testing 0.6700 level initially.
Holding below 0.6820 is important to continue the expected decline, as breaching it will push the price to achieve new bullish correction that its first target located at 0.6895.
The expected trading range for today is between 0.6710 support and 0.6820 resistance
The expected trend for today: Bearish
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