The NZDUSD hits the first target – Analysis - 06-04-2020

2020-04-06 05:02:22 GMT (Economies.com)
 

The NZDUSD pair shows some slight bullish bias after touching 0.5842 level, noticing that stochastic begins to lose the positive momentum, while the EMA50 forms negative pressure against the price.

 

Therefore, we believe that the chances valid to continue the bearish trend in the upcoming sessions, and the price needs to break 0.5842 to confirm extending the bearish wave towards 0.5700, reminding you that it is important to hold below 0.5958 to continue the expected decline.

 

The expected trading range for today is between 0.5750 support and 0.5960

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1316
0.0197
1.7704%
1.2693
0.0279
2.2475%
Tadawul
7207.78
-14.63
0.20%
17.311
-0.768
4.248%
38.936
4.449
12.900%
42.07
2.03
5.07%
1684.875
-47.810
2.759%
 
 
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