The NZDUSD breaches the resistance – Analysis - 05-06-2020
Economies.com
2020-06-05 04:37AM UTC
The NZDUSD pair managed to breach 0.6447 and build support base above it, to support the expectations of continuing the bullish trend on the intraday and short term basis, reinforced by the EMA50 that provides the positive support to the price, waiting to visit 0.6575 as a next main station.
Holding above 0.6447 is important to continue the expected rise, as breaking it will press on the price to start correctional bearish wave on the intraday basis before resuming the expected bullish trend.
The expected trading range for today is between 0.6400 support and 0.6550
The expected trend for today: Bullish
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