The NZD / USD is within negative pattern – Analysis – 07/04/2021

The NZDUSD pair’s recent trades are confined within rising wedge pattern that its signs appear on the chart, thus, the price needs to break 0.7025 to activate the negative effect of this pattern followed by rallying towards our negative targets that reach 0.6895.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.7095 and holding above it.

The expected trading range for today is between 0.6980 support and 0.7095 resistance

The expected trend for today: Overall bearish

Origin: Economies


Karice Dabule

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