Forex

The NZDUSD crawls upwards – Analysis - 26-11-2020

2020-11-26 04:52:57 GMT (Economies.com)

The NZDUSD pair shows calm bullish bias to start attempts to surpass 0.7000 barrier, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, which targets 0.7050 level as a next station, noting that breaching this level will extend the bullish wave to reach 0.7135 as a next target.

 

Holding above 0.6950 is important to achieve the suggested targets, as breaking it will press on the price to start correctional bearish wave on the intraday basis before resuming the main bullish trend.

 

The expected trading range for today is between 0.6950 support and 0.7080

 

The expected trend for today: Bullish

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