The NZDUSD turns to decline – Analysis - 22-09-2020
Economies.com
2020-09-22 04:06AM UTC
The NZDUSD pair traded with strong negativity yesterday to break 0.6710 level and settles below it, which pushes the price to turn to decline and heads towards starting bearish correction for the bullish wave that started from 0.5468 areas, as the next main target is located at 0.6477.
Therefore, the bearish bias will be expected for today, supported by moving below the EMA50, noting that the expected decline will remain valid unless the price rallied to breach 0.6750 followed by 0.6788 levels and holding above it.
The expected trading range for today is between 0.6600 support and 0.6740
The expected trend for today: Bearish
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