The NZDUSD gathers the positive momentum – Analysis - 01-12-2020
Economies.com
2020-12-01 05:00AM UTC
The NZDUSD pair begins today’s trading with bullish bias to attempt to move away from the intraday bullish channel’s support line that appears on the chart, noticing that stochastic got rid of it snegative momentum to reach the oversold areas’ thresholds, which motivates the price to achieve more rise in the upcoming period, waiting to visit 0.7135 as a next target.
The EMA50 keeps supporting the suggested bullish wave, which its continuation requires holding above 0.6975 and 0.6950 levels.
The expected trading range for today is between 0.6970 support and 0.7120
The expected trend for today: Bullish
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