The NZDUSD under the negative pressure – Analysis - 01-04-2020

2020-04-01 04:53:22 GMT (Economies.com)
 

The NZDUSD pair attempted to break 0.5958 level yesterday and ended the trades around this level, noticing that the price begins today positively in attempt to trade above it again, motivated by the positive signal provided by stochastic, waiting to recover and head towards 0.6073 that represents our next main target.

 

Therefore, we will keep our bullish overview for the upcoming period, taking into consideration that failing to consolidate above 0.5958 will put the price under negative pressure that its targets begin at 0.5842.

 

The expected trading range for today is between 0.5900 support and 0.6073

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1336
0.0217
1.9512%
1.2664
0.0250
2.0110%
Tadawul
7207.78
-14.63
0.20%
17.637
-0.443
2.450%
38.395
3.908
11.332%
41.28
1.24
3.10%
1706.170
-26.515
1.530%
 
 
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