NZD/USD Analysis

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CarlMax
Posts: 234
Joined: 16 Jul 2022, 11:06

NZD/USD Analysis

The NZD/USD pair has offered positive trading until today's open and could test the key resistance level at 0.5900 before the downtrend resumes.

Technical indicators are providing negative signals confirming the possibility of a resumption of the expected downtrend in the coming period, which depends on the stability of the price below the above-mentioned resistance level, and the next main target is 0.5750.

The expected trading range for today is between the support value of 0.5800 and the resistance value of 0.5900.
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