The NZDUSD hits the extended target – Analysis - 18-08-2022
Economies.com
2022-08-18 04:14AM UTC
The NZDUSD pair continued to decline to manage to achieve our waited target at 0.6260, noting that breaking the bullish channel’s support line supports the chances of continuing the bearish bias in the upcoming sessions to surpass 0.6260 and head towards 0.6185 areas on the near term basis.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.6320 and holding above it.
The expected trading range for today is between 0.6220 support and 0.6320 resistance
The expected trend for today: Bearish
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