The NZDCHF rebounds above the support – Analysis – 6-5-2021
Economies.com
2021-05-06 05:59AM UTC
The NZDCHF pair succeeded to get rid of the temporary negative pressures and rally above 0.6520 support line again, to confirm surrendering to the domination of the expected bullish bias.
Also, the consolidation of the moving average 55 below the current trades confirms blocking the price within the bullish track, to expect gathering the positive momentum and reach 0.6640 level direct, followed by attempting to press on 0.6760 recorded high.
The expected trading range for today is between 0.6540 and 0.6640
The expected trend for today: Bullish
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