Midday update for the NZDUSD 29-01-2021
Economies.com
2021-01-29 12:07PM UTC
The NZDUSD pair trades with clear positivity now after finding solid support at 0.7150, as it breaches 0.7170 and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the recently suggested negative scenario and leads the price to regain the bullish trend and achieve positive targets that start at 0.7315.
Therefore, we prefer staying neutral now until we get clearer signal for the next trend.
The expected trading range for today is between 0.7100 support and 0.7240 resistance
The expected trend for today: Neutral
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