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The NZDUSD under the negative pressure – Analysis - 20-10-2022
The NZDUSD pair couldn’t manage to hold for long time above 0.5665 level, to trade negatively by today’s open and return to resume the main bearish track again, on its way to achieve negative targets that start by surpassing 0.5610 to open the way to head towards 0.5510.
Therefore, the bearish bias will be suggested for today conditioned by the price stability below 0.5665.
The expected trading range for today is between 0.5550 support and 0.5670 resistance
The expected trend for today: Bearish
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