The NZDUSD still negative – Analysis - 01-02-2023

Economies.com
2023-02-01 05:02AM UTC

The NZDUSD pair settles below the EMA50 that forms negative pressure against the price, to keep the bearish trend active, waiting to head towards 0.6365 as a first target.

 

Stochastic provides negative signals that support the expected decline, reminding you that the continuation of the bearish wave depends on the price stability below 0.6510.

 

Advertistment

The expected trading range for today is between 0.6370 support and 0.6480 resistance

The expected trend for today: Bearish

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