The NZDUSD within continuation pattern – Analysis - 07-09-2021
Economies.com
2021-09-07 04:22AM UTC
The NZDUSD pair moves within minor bearish channel that we believe it forms bullish flag pattern, thus, the price needs to breach 0.7150 to get positive motive that assist to push the price to head towards our next target that reaches 0.7200.
Stochastic and the EMA50 support the expected bullish wave, which will remain valid conditioned by the price stability above 0.7110.
The expected trading range for today is between 0.7085 support and 0.7200 resistance
The expected trend for today: Bullish
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