The NZDUSD attempts to recover – Analysis - 08-01-2021
Economies.com
2021-01-08 03:49AM UTC
The NZDUSD pair begins today’s trading with bullish bias after the decline that it witnessed yesterday, noticing that the price moves inside a minor bearish channel that we believe it forms bullish flag pattern, which means that breaching 0.7280 will provide good positive motive that supports the chances of resuming the bullish trend that its next target located at 0.7360.
Therefore, the bullish trend scenario will remain valid and active supported by stochastic positivity, conditioned by the price stability above 0.7225.
The expected trading range for today is between 0.7200 support and 0.7340
The expected trend for today: Bullish
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