The NZDUSD approaches the target – Analysis - 06-07-2020
Economies.com
2020-07-06 04:30AM UTC
The NZDUSD pair resumes its positive trading to reach the thresholds of the waited target at 0.6580, and we believe that the chances valid to surpass this level and keep trading inside the main bullish channel that appears on the chart, to open the way to achieve additional gains that extend to 0.6665 followed by 0.6755.
Therefore, the bullish trend scenario will remain active on the intraday and short term basis, taking into consideration that failing to breach 0.6580 might force the price to rebound bearishly to head to test 0.6424 areas again before any new attempt to rise.
The expected trading range for today is between 0.6500 support and 0.6630
The expected trend for today: Bullish
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