The NZDUSD achieves strong gains – Analysis - 27-03-2020
Economies.com
2020-03-27 05:20AM UTC
The NZDUSD pair provided strong positive trades yesterday after confirming breaching 0.5842 level, to surpass 50% Fibonacci correction level and settles above it now, reinforcing the chances of achieving more positive targets in the upcoming sessions, and the way is open to visit 0.6073 level as a next station.
Therefore, we suggest the continuation of the bullish bias for today, supported by moving above the EMA50, taking into consideration that breaking 0.5958 will press on the price to test 0.5842 areas again before any new attempt to rise.
The expected trading range for today is between 0.5900 support and 0.6100
The expected trend for today: Bullish
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