Midday update for the NZDUSD 07-07-2020

Economies.com
2020-07-07 10:14AM UTC

The NZDUSD pair found difficulty to surpass 0.6580 resistance, to trade negatively and approaches 0.6500 barrier, which urges caution form the upcoming trading, as consolidating below the mentioned resistance will force the price to achieve more decline and head towards 0.6424 areas initially, while the price needs to get positive motive that supports trading to rise again and attack 0.6580 to rally towards 0.6665 followed by 0.6755 as next main stations.

 

The expected trading range for today is between 0.6500 support and 0.6630

 

The expected trend for today: Bullish

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