The NZDUSD begins positively – Analysis - 20-08-2019
Economies.com
2019-08-20 05:04AM UTC
The NZDUSD pair opens today’s trading with a bullish bias to approach from the intraday bearish channel’s resistance, noticing that the EMA50 keeps pressing negatively on the price, which keeps the bearish trend scenario valid and active in the upcoming period, depending on the stability below 0.6480 level, reminding you that our initial main target is located at 0.6377, and breaking it represents the rally key towrdas 0.6300 as a next target.
The expected trading range for today is betwenen 0.6350 support and 0.6460
The expected trend for today: Bearish
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