The NZDUSD gets a negative signal – Analysis - 29-01-2021
Economies.com
2021-01-29 04:46AM UTC
The NZDUSD pair traded positively yesterday and attempted to surpass the key resistance 0.7170, but we notice that the EMA50 managed to stop the rise, to start declining again, motivated by the negative signal provided by stochastic now, waiting for more decline to break 0.7150 and head towards 0.7050 as a next negative target.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless breaching 0.7170 and holding above it.
The expected trading range for today is between 0.7070 support and 0.7190 resistance
The expected trend for today: Bearish
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