The NZDUSD succeeds to breach – Analysis - 12-12-2019

Economies.com
2019-12-12 05:47AM UTC

The NZDUSD pair managed to breach 0.6565 level and closed the daily candlestick above it, which supports the continuation of our bullish overview efficiently in the upcoming period, and the way is open to head towards our next target at 0.6650.

 

The positive effect of the inverted head and shoulders’ pattern still active, noting that holding above 0.6565 represents initial condition to continue the expected rise.

 

The expected trading range for today is between 0.6540 support and 0.6640

 

The expected trend for today: Bullish

 

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