The NZDUSD within bearish track – Analysis - 02-04-2020

2020-04-02 04:53:07 GMT (Economies.com)
 

The NZDUSD pair settles below 0.5958 level, to keep the negative pressure dominant on the intraday and short term basis, and the price moves inside bearish channel that supports the chances of achieving more decline in the upcoming sessions, as the first target is located at 0.5842.

 

Therefore, we will continue to suggest the bearish trend on the intraday and short term basis conditioned by the price stability below 0.5958.

 

The expected trading range for today is between 0.5840 support and 0.6000

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1298
0.0179
1.6076%
1.2686
0.0272
2.1927%
Tadawul
7207.78
-14.63
0.20%
17.374
-0.706
3.902%
39.086
4.599
13.335%
41.97
1.92
4.79%
1682.905
-49.780
2.873%
 
 
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