Forex

The NZDUSD needs a positive motive – Analysis - 06-08-2020

2020-08-06 03:57:41 GMT (Economies.com)

The NZDUSD pair fluctuates around the EMA50 without managing to confirm surpassing it, starting today with slight bearish bias, but as long as the price is above 0.6620, our bullish overview will remain valid, as breaking this level will press on the price to test 0.6545level before turning back to rise again, reminding you that the expected target of the current bearish wave is located at 0.6750.

 

The expected trading range for today is between 0.6590 support and 0.6710

 

The expected trend for today: Bullish

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