The NZDUSD touches the first target – Analysis - 08-01-2020
Economies.com
2020-01-08 05:23AM UTC
The NZDUSD pair managed to touch 0.6625 level yesterday, finding solid support there to show some slight bullish bias now, while we are waiting to break this level to confirm the extension of the bearish wave on the intraday basis, supported by the negative pressure formed by the EMA50, as our next target located at 0.6544.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that failing to achieve the break will lead the price to start new recovery attempts and regain the main bullish trend.
The expected trading range for today is between 0.6580 support and 0.6680
The expected trend for today: Bearish
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