Since NZD/USD stays within the zone of a long-term bearish market – under the important thing resistance ranges 0.6305, 0.6235, we anticipate a rebound or at the very least some worth stabilization close to the present ranges.
The primary sign to renew quick positions might be a breakdown of assist ranges 0.6115, 0.6065 (native assist stage).
And right now, the volatility within the NZD/USD pair could enhance once more at 13:30 (GMT) and after 14:00, which might be related to the publication of macro statistics for the US and recent information on costs for dairy merchandise from International Dairy Commerce (for extra particulars, see A very powerful financial occasions of the week 11/14/2022 – 11/20/2022).
Assist ranges: 0.6115, 0.6065, 0.5975, 0.5900, 05860, 0.5600, 0.5565, 0.5512, 0.5470
Resistance ranges: 0.6200, 0.6235, 0.6260, 0.6305
