The NZDUSD continues to rise – Analysis - 25-11-2020

Economies.com
2020-11-25 05:39AM UTC

The NZDUSD pair faced solid resistance at 0.7000 barrier, waiting to get positive motive that assists to breach this level and open the way to head towards our next waited target at 0.7050, noting that the EMA50 continues to provide the positive support to the price.

 

In general, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.6925.

 

The expected trading range for today is between 0.6925 support and 0.7050

 

The expected trend for today: Bullish

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