The NZDUSD needs the positive momentum – Analysis - 04-12-2020
Economies.com
2020-12-04 05:21AM UTC
The NZDUSD pair shows some slight bearish bias now to move below the bullish channel’s support line that appears on the chart, waiting to get positive momentum that assists to push the price to resume the main bullish trend, which its next targets located at 0.7135 followed by 0.7200.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.7010 and holding below it.
The expected trading range for today is between 0.7010 support and 0.7140
The expected trend for today: Bullish
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