The NZDUSD tests the resistance – Analysis - 17-08-2022
Economies.com
2022-08-17 04:21AM UTC
The NZDUSD pair showed sudden rise by today’s open to test 0.6380 level, but it bounced bearishly again, to keep the bearish trend scenario active for the upcoming period, waiting to surpass 0.6320 to head towards 0.6260 that represents our next target.
Stochastic loses its positive momentum gradually to support the expectations to decline, which will remain valid conditioned by the price stability below 0.6380.
The expected trading range for today is between 0.6280 support and 0.6380 resistance
The expected trend for today: Bearish
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