The NZDUSD resumes the decline – Analysis - 03-04-2020

2020-04-03 05:05:24 GMT (Economies.com)
 

The NZDUSD pair resumed its negative trading after testing 0.5958 yesterday, moving below the EMA50 now, to support the continuation of our bearish overview, waiting to visit 0.5842 level as a first target, which breaking it represents the key to rally towards 0.5700.

 

Holding below 0.5958 is important to achieve the suggested targtes, as breaching it will push the price back to the correctional bullish track and leads to visit 0.6073 level as a next station.

 

The expected trading range for today is between 0.5750 support and 0.6000

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1329
0.0210
1.8882%
1.2642
0.0228
1.8399%
Tadawul
7207.78
-14.63
0.20%
17.637
-0.442
2.445%
38.346
3.859
11.190%
41.17
1.18
2.95%
1706.705
-25.980
1.499%
 
 
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