The NZDUSD begins negatively – Analysis - 08-04-2020
Economies.com
2020-04-08 05:01AM UTC
The NZDUSD pair opens today’s trading with bearish bias to press on 0.5958 level, and it attempts to recover to move above this level, which keeps the chances to continue the expected bullish trend for the upcoming period, motivated by the positive effect of the previously completed inverted head and shoulders’ pattern, waiting to visit 0.6073 as a next target.
The EMA50 supports the expected rise, which will remain valid unless breaking 0.5958 followed by 0.5920 levels and holding below them.
The expected trading range for today is between 0.5885 support and 0.6050
The expected trend for today: Bullish
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