The NZDUSD reaches the target – Analysis - 30-03-2020

2020-03-30 04:43:17 GMT (Economies.com)
 

The NZDUSD pair succeeded to reach our waited target at 0.6073, showing bearish rebound after touching the bullish channel’s resistance that appears on the chart, on its way to test 0.5958 before turning back to rise again.

 

The EMA50 provides positive support to the price, to suggest the continuation of the bullish trend for the upcoming period unless breaking 0.5958 followed by 0.5905 levels and holding below them, noting that breaching 0.6073 will push the price to 0.6216 as a next main station.

 

The expected trading range for today is between 0.5940 support and 0.6130

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1804
0.0038
0.3191%
1.3050
-0.0021
0.1572%
Tadawul
7704.25
49.87
0.65%
27.093
-1.456
5.098%
42.210
0.225
0.536%
44.96
-0.47
1.03%
1948.505
-86.890
4.269%
 
 
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