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The NZDUSD tests the resistance – Analysis - 17-08-2022
The NZDUSD pair showed sudden rise by today’s open to test 0.6380 level, but it bounced bearishly again, to keep the bearish trend scenario active for the upcoming period, waiting to surpass 0.6320 to head towards 0.6260 that represents our next target.
Stochastic loses its positive momentum gradually to support the expectations to decline, which will remain valid conditioned by the price stability below 0.6380.
The expected trading range for today is between 0.6280 support and 0.6380 resistance
The expected trend for today: Bearish
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The AUDUSD reaches the target – Analysis - 17-08-2022
The AUDUSD pair resumes its negative trading by today’s open to reach the thresholds of 0.6980 level, and we expect the continuation of the negative pressure to break this level and open the way to visit 0.6960 followed by 0.6910 levels as next negative stations.
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