The NZDUSD needs the positive momentum – Analysis - 06-09-2021

Economies.com
2021-09-06 04:16AM UTC

The NZDUSD pair started to rebound bearishly after touching the bullish channel’s resistance line that appears on the chart, and it might lean on this channel’s support at 0.7085 before turning back to rise again.

 

Until now, the bullish trend scenario still valid for the upcoming period as long as 0.7085 level remains intact, supported by the EMA50, reminding you that our main waited target is located at 0.7200.

 

The expected trading range for today is between 0.7085 support and 0.7200 resistance

 

The expected trend for today: Bullish

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