The NZDUSD tests the resistance – Analysis - 22-06-2021
Economies.com
2021-06-22 04:27AM UTC
The NZDUSD pair tested the key resistance 0.6995 and begins to rebound bearishly from there, to keep the bearish trend scenario valid and active on the intraday and short term basis, supported by stochastic negativity, which its targets begin by breaking 0.6945 to confirm opening the way to head towards 0.6810 as a next station.
On the other hand, we should note that breaching 0.6995 will stop the negative scenario and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 0.6910 support and 0.7010 resistance
The expected trend for today: Bearish
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