Bearish Sentiment Dominates NZD/USD as Range Bound Between 0.6050 and 0.6070

Thursday, 18 July 2024, 21:57

The NZD/USD pair remains within a tight range of 0.6050 to 0.6070, with bearish momentum evident. Strong resistance at 0.6070 is keeping the pair from advancing, confirming bearish control. Traders should closely monitor the support level at 0.6050 for potential breakout scenarios. In conclusion, the NZD/USD pair is currently under bearish pressure, with a range-bound movement providing trading opportunities within the specified levels.
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Bearish Sentiment Dominates NZD/USD as Range Bound Between 0.6050 and 0.6070

Bearish Scenario for NZD/USD Pair

Key Points:

  • Range Bound: NZD/USD stuck between 0.6050 and 0.6070
  • Bearish Control: Bears exerting dominance on the pair
  • Support Level at 0.6050: Significant for potential breakout

Traders should be cautious and watchful of the specified levels for trading decisions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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