The NZDUSD begins to lose momentum – Analysis - 07-12-2022
Economies.com
2022-12-07 04:52AM UTC
The NZDUSD pair fluctuates near 0.6300 level, and we expect the continuation of the bearish bias to test the bullish channel’s support line that rises now to 0.6290, which breaking it represents the key to head towards 0.6240 direct.
Therefore, we will continue to suggest the bearish trend on the intraday basis, noting that breaching 0.6350 will motivate the price to start recovery attempts and achieve gains that start by visiting the previous recorded high at 0.6467.
The expected trading range for today is between 0.6250 support and 0.6380 resistance
The expected trend for today: Bearish
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