Forex

The NZDUSD tests the moving average – Analysis - 20-03-2019

2019-03-20 04:56:27 GMT (Economies.com)

The NZDUSD pair begins today’s trading negatively to test the EMA50, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its first target located at 0.6910.

 

Note that holding above 0.6795 is important to continue the expected rise, as breaking it will press on the price to decline towards 0.6750 followed by 0.6654 levels mainly.

 

The expected trading range for today is betwenen 0.6790 support and 0.6910

 

The expected trend for today: Bullish

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