The NZDUSD needs the positive momentum – Analysis - 12-05-2021

Economies.com
2021-05-12 00:03AM UTC

The NZDUSD pair fluctuates within sideways and tight track, settling around 0.7260, while the EMA50 continues to support the price from below, to keep the bullish trend active on the intraday and short term basis, reminding you that our next target extends to 0.7400, while achieving it requires holding above 0.7185.

 

The expected trading range for today is between 0.7220 support and 0.7320 resistance

 

The expected trend for today: Bullish

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