Midday update for the NZDUSD 13-07-2020
Economies.com
2020-07-13 09:14AM UTC
The NZDUSD pair tests the bullish pennant’s support line mentioned this morning, which urges caution from the upcoming trading, as breaking this support might push the price to test the most important support at 0.6520 before any new attempt to rise.
In general, the bullish trend scenario still expected for today supported by the EMA50, unless we witnessed clear break and hold below 0.6520.
The expected trading range for today is between 0.6520 support and 0.6650
The expected trend for today: Bullish
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