NZDUSD resumes rising – Analysis - 20-02-2019

Economies.com
2019-02-20 05:15AM UTC

The NZDUSD pair resumed its positive trading yesterday to approach our first waited target at 0.6910, to keep the bullish trend scenario active for the upcoming period, supported by the EMA50, reminding you that our next target reaches 0.7024.

 

Holding above 0.6795 is important to continue the suggested bullish wave, as breaking it will put the price under negative pressure that its main targets begin by testing 0.6654.

 

The expected trading range for today is betwenen 0.6820 support and 0.6930

 

The expected trend for today: Bullish

 

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