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The NZDUSD within sideways track – Analysis - 23-02-2023
The NZDUSD pair fluctuates within sideways track as appears on the chart, moving near the bearish channel’s resistance, and the EMA50 meets this resistance to add more strength to it, waiting to resume the bearish wave that targets testing 0.6140 as a next station.
Therefore, the bearish trend will remain suggested on the intraday and short term basis, supported by stochastic loss to the positive momentum, noting that holding below 0.6290 represents major condition to continue the suggested bearish wave.
The expected trading range for today is between 0.6160 support and 0.6280 resistance
The expected trend for today: Bearish
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The AUDUSD approaches the target – Analysis - 23-02-2023
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