The NZDUSD gets a positive motive – Analysis - 17-02-2021
Economies.com
2021-02-17 05:02AM UTC
The NZDUSD pair faced negative pressure yesterday to test the first key support 0.7200 and settles there, accompanied by stochastic reach to the oversold areas and starting to overlap positively, which forms positive motive that we are waiting to assist to push the price to rise again, to keep the positive scenario valid and active for the upcoming period, which its next target located at 0.7315.
On the other hand, we should note that breaking 0.7200 followed by 0.7150 levels will stop the expected rise and press on the price for more bearish correction.
The expected trading range for today is between 0.7150 support and 0.7280 resistance
The expected trend for today: Bullish
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