The NZDUSD crawls towards the target – Analysis - 30-01-2020
Economies.com
2020-01-30 05:50AM UTC
The NZDUSD pair shows new negative trades to gradually approach our waited target at 0.6480, and the price falls under continuous negative pressure coming by the EMA50, which supports the chances of continuing the decline inside the bearish channel that appears on the chart, which hints the extension of the correctional bearish wave to reach 0.6414 as a next negative station.
Therefore, we suggest witnessing more decline in the upcoming sessions unless breaching 0.6545 level and holding above it.
The expected trading range for today is between 0.6460 support and 0.6545
The expected trend for today: Bearish
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