The NZDUSD within a positive pattern – Analysis - 13-07-2020
Economies.com
2020-07-13 04:21AM UTC
The NZDUSD pair’s recent trades confined within bullish pennant pattern that its signs appear on the chart, thus, the price needs to breach 0.6580 to activate the positive effect of this pattern and resume the main bullish trend, to open the way to head towards our main targets that start at 0.6665 and extend to 0.6755.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50, noting that it is important to hold above 0.6520 to continue the expected rise.
The expected trading range for today is between 0.6520 support and 0.6650
The expected trend for today: Bullish
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