The NZDUSD breaches the resistance – Analysis - 01-07-2020

Economies.com
2020-07-01 04:22AM UTC

The NZDUSD pair surpassed 0.6450 level and settled above it, to stop the recently mentioned negative pressure and open the way to resume the main bullish trend, on its way to visit 0.6580 initially.

 

Therefore, the bullish bias will be expected for today, noting that breaking 0.6424 followed by 0.6385 levels will stop the positive scenario and puts the price within the correctional bearish track again.

 

The expected trading range for today is between 0.6400 support and 0.6530

 

The expected trend for today: Bullish

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