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The NZDUSD tests the resistance – Analysis - 18-03-2021
The NZDUSD pair traded with clear positivity to test the key resistance 0.7240, noticing that the price keeps its stability below it until now, which keeps the bearish trend scenario valid until now, supported by stochastic loss to the positive momentum.
Note that the first negative target is located at 0.7100, while breaching 0.7240 and holding above it represents the key to return to the main bullish track and head to achieve expected gains on the intraday and short-term basis.
The expected trading range for today is between 0.7170 support and 0.7270 resistance
The expected trend for today: Bearish
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The AUDUSD attempts to recover – Analysis - 18-03-2021
The AUDUSD pair rallied upwards strongly yesterday to breach 0.7765 level and settles above it, which leads the price to achieve new intraday gains that reach 0.7875, noting that breaching this level will push the price back to the main bullish channel again and lead to achieve more positive targets.
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