The NZDUSD tests the resistance – Analysis - 07-06-2021
Economies.com
2021-06-07 03:57AM UTC
The NZDUSD pair rallied upwards strongly to reach the key resistance 0.7220 now, and as we mentioned in our recent reports, the price needs to hold below this level to keep the correctional bearish scenario active, which its next target located at 0.7080.
Stochastic and the EMA50 provide negative signals that support the continuation of the bearish trend, noting that breaching 0.7220 will lead the price to regain the main bullish trend again.
The expected trading range for today is between 0.7150 support and 0.7250 resistance
The expected trend for today: Bearish
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