Forex

The NZDUSD attempts to recover – Analysis - 22-07-2021

2021-07-22 04:14:59 GMT (Economies.com)

The NZDUSD pair achieved some gains yesterday but it faces negative pressure formed by the EMA50, which forces the price to decline again, waiting to resume the bearish trend that its next main target located at 0.6810.

 

We should note that the continuation of the bearish wave depends on the price stability below 0.7015.

 

The expected trading range for today is between 0.6880 support and 0.6990 resistance

 

The expected trend for today: Bearish

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