The NZDUSD tests the support again – Analysis - 14-01-2020
Economies.com
2020-01-14 05:37AM UTC
The NZDUSD pair returns to test the key support 0.6625, noticing that stochastic gets rid of its negative momentum to reach the oversold areas, waiting to motivate the price to rebound bullishly to resume the expected bullish trend on the intraday and short term basis, which targets 0.6755 level as a next main station.
On the other hand, we should note that breaking 0.6625 and holding below it will press on the price to achieve more bearish correction and head towards 0.6544 as a next correctional target.
The expected trading range for today is between 0.6560 support and 0.6700
The expected trend for today: Bullish
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