The NZDUSD resumes the decline – Analysis - 18-01-2022

Economies.com
2022-01-18 05:22AM UTC

The NZDUSD pair resumes its negative trades to move away from 0.6820 level, reinforcing the expectations of continuing the bearish trend, which depends on the price stability below the mentioned level, waiting to visit 0.6700 mainly, noting that stochastic provides negative signals that support the continuation of the expected decline.

 

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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