Midday update for the NZDUSD 01-04-2020
Economies.com
2020-04-01 10:12AM UTC
The NZDUSD pair could not manage to consolidate above 0.5958, to face negative pressure and head to return to the main bearish track, on its way to test 0.5842 level initially.
Therefore, the bearish bias will be expected in the upcoming sessions unless the price managed to breach 0.5958 level and hold above it again, noting that breaking 0.5842 will push the price to 0.5700 as a next negative target.
The expected trading range for today is between 0.5850 support and 0.6000
The expected trend for today: Bearish
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