The NZDUSD breaches the resistance – Analysis - 21-01-2021
Economies.com
2021-01-21 05:02AM UTC
The NZDUSD pair rallies upwards strongly by today’s open to breach 0.7200 and settles above it, which stops the recently suggested negative scenario and leads the price to regain the main bullish trend, expecting to continue the rise to visit 0.7255 followed by 0.7315 levels as initial targets.
The EMA50 supprots the expected bullish trend, which will remain valid unless breaking 0.7150 and holding below it.
The expected trading range for today is between 0.7150 support and 0.7280
The expected trend for today: Bullish
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