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The NZDUSD surpasses the first target – Analysis - 03-05-2023
The NZDUSD pair traded with clear positivity to surpass our first waited target at 0.6225 and confirm the continuation of the bullish trend domination on the intraday basis, waiting to visit 0.6290 level as a next main target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by moving above the EMA50, reminding you that the continuation of the bullish wave depends on the price stability above 0.6140.
The expected trading range for today is between 0.6190 support and 0.6290 resistance
The expected trend for today: Bullish
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The AUDUSD consolidates below the resistance – Analysis - 03-05-2023
The AUDUSD pair tested the correctional bearish channel’s resistance line and bounced bearishly from there, to keep the bearish trend scenario active for the upcoming period, which targets 0.6550 areas as a next main station.
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