Forex

The NZDUSD breaches the resistance – Analysis - 18-09-2020

2020-09-18 03:31:55 GMT (Economies.com)

The NZDUSD pair rallied upwards strongly yesterday to breach 0.6755 level and reaches 0.6788, which opens the way to resume the main bullish trend, noting that breaching the last level will push the price to head towards 0.6900 as a next positive station.

 

Therefore, the bullish bias will be expected for today, noting that breaking 0.6710 will stop the suggested rise and press on the price to start bearish correction on the intraday basis.

 

The expected trading range for today is between 0.6720 support and 0.6850

 

The expected trend for today: Bullish

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