The NZDUSD surpasses the target – Analysis - 25-06-2019
Economies.com
2019-06-25 04:33AM UTC
The NZDUSD pair managed to confirm breaching 0.6607 level to approach testing 38.2% Fibonacci correction level for the entire decline measured from 0.6919 to 0.6481, getting positive support by the EMA50, organized inside the bullish channel that appears on the chart, which supports the chances of breaching the mentioned correctional level to open the way to extend the bullish wave towards 0.6700 as a next station.
Therefore, we suggest the continuation of the bullish trend in the upcoming sessions unless breaking 0.6585 level and holding below it.
The expected trading range for today is betwenen 0.6585 support and 0.6700
The expected trend for today: Bullish
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