The NZDUSD loses momentum – Analysis - 21-11-2022
Economies.com
2022-11-21 04:32AM UTC
The NZDUSD pair found solid resistance at 0.6200 barrier, to decline and heads towards expected test to 0.6100 level, as it lost its positive momentum, and we suggest the continuation of the bearish bias to break this level and head towards 0.5990 areas mainly.
Therefore, we are waiting for more expected decline on the intraday basis, noting that breaching 0.6185 will stop the suggested negative scenario and lead the price to recover again.
The expected trading range for today is between 0.6080 support and 0.6185 resistance
The expected trend for today: Bearish
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