NZDUSD approaches the target – Analysis - 18-02-2019

Economies.com
2019-02-18 05:27AM UTC

The NZDUSD pair traded positively to approach our waited target at 0.6910, noting that breaching this level will extend the bullish wave to reach 0.7024 as a next station.

 

The EMA50 supports the price from below, and the bullish trend will remain suggested for the upcoming sessions, taking into consideration that breaking 0.6795 will stop the suggested rise and press on the price to turn to decline.

 

The expected trading range for today is betwenen 0.6830 support and 0.6950

 

The expected trend for today: Bullish

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