The NZDUSD hits the first target – Analysis - 28-01-2020

The NZDUSD pair succeeded to achieve our first waited target at 0.6545 and presses negatively on it in attempt to break it, which supports the expectations of extending the correctional bearish wave on the short term basis, on its way to visit 0.6480 as a next target.

Therefore, the bearish trend will remain suggested for the upcoming period unless breaching 0.6625 level and holding above it.

The expected trading range for today is between 0.6480 support and 0.6580

The expected trend for today: Bearish