The NZDUSD begins negatively – Analysis - 16-05-2022
Economies.com
2022-05-16 04:10AM UTC
The NZDUSD pair opens today with clear negativity after approaching 0.6300 barrier, to start pressing on 0.6230 level now and hints heading to resume the main bearish trend, which moves inside the bearish channel that has negative targets that reach 0.6140.
Therefore, we expect to witness more expected decline in the upcoming sessions, taking into consideration that failing to break 0.6230 will lead the price to start new recovery attempts that target visiting 0.6355 areas mainly.
The expected trading range for today is between 0.6170 support and 0.6275 resistance
The expected trend for today: Bearish
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