The NZDUSD reaches the target – Analysis - 04-06-2020
Economies.com
2020-06-04 04:58AM UTC
The NZDUSD pair succeeded to reach our waited target at 0.6447, and it shows some slight bearish bias now, affected by stochastic negativity, and it might head to test the key support 0.6310 before resuming the positive attempts again.
The EMA50 keeps supporting the price from below, to continue suggesting the bullish trend for the upcoming period, noting that surpassing 0.6447 will lead the price to head towards 0.6575 as a next positive target, while breaking 0.6310 represents negative factor that will push the price to achieve temporary bearish correction before turning back to rise again.
The expected trading range for today is between 0.6350 support and 0.6500
The expected trend for today: Bullish
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