Forex

The NZDUSD approaches the resistance – Analysis - 23-07-2021

2021-07-23 03:50:13 GMT (Economies.com)

The NZDUSD pair trades positively to test the key resistance 0.7000, and the price needs to hold below the bearish channel’s resistance that declines now to 0.7010 to keep the bearish trend active for the upcoming period, to continue suggesting the bearish trend for the upcoming period supported by stochastic negativity, noting that our first target is represented by testing 0.6900 again.

 

The expected trading range for today is between 0.6920 support and 0.7020 resistance

 

The expected trend for today: Bearish

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