The NZDUSD needs negative motive – Analysis - 07-01-2022

Economies.com
2022-01-07 04:55AM UTC

The NZDUSD pair fluctuates around 0.6750 level now, waiting to get negative momentum that assist to push the price to continue the expected decline on the intraday basis, which its targets begin by testing 0.6700.

 

Until now, we will continue to suggest the bearish trend unless breaching 0.6820 and holding above it, noting that breaking the targeted level will push the price to 0.6620 as a next main station.

 

The expected trading range for today is between 0.6690 support and 0.6790 resistance

 

The expected trend for today: Bearish

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