The NZDUSD resumes the rise – Analysis - 31-07-2020

Economies.com
2020-07-31 00:46AM UTC

The NZDUSD pair provided strong positive trades yesterday after the temporary decline that it witnessed in the previous sessions, to start testing 0.6700 barrier now, which confirms resuming the main bullish trend, organized inside the bullish channels that appear on the chart, waiting to test 0.6750 level as a first positive target.

 

Therefore, we suggest witnessing more rise in the upcoming sessions conditioned by the price stability above 0.6625.

 

The expected trading range for today is between 0.6650 support and 0.6800

 

The expected trend for today: Bullish

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