The NZDUSD is recovering – Analysis - 05-05-2021

2021-05-05 00:57:36 GMT (Economies.com)
 

The NZDUSD pair touched the bullish channel’s support line that appears on the chart and bounced upwards clearly from there, accompanied by witnessing positive signals through stochastic, which lead the price to recover and achieve expected gains in the upcoming sessions, targeting visiting 0.7200 followed by 0.7325 levels as next main targets.

 

Therefore, the bullish bias will be expected for today unless breaking 0.7130 and holding below it.

 

The expected trading range for today is between 0.7130 support and 0.7220 resistance

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2169
-0.0004
0.0349%
1.4149
0.0013
0.0944%
Tadawul
10322.68
86.96
0.85%
27.541
-0.263
0.946%
64.980
-0.412
0.630%
68.29
-0.07
0.10%
1834.595
-9.630
0.522%
 
 
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