The NZDUSD within continuation pattern – Analysis - 20-01-2021
Economies.com
2021-01-20 04:51AM UTC
The NZDUSD pair’s recent trades are confined within bearish pennant pattern that appears on the chart, which supports the continuation of our bearish overview, which targets 0.7047 as a next station.
On the other hand, we should note that breaching 0.7150 and 0.7200 levels will stop the expected correctional bearish trend and leads the price to resume the main bullish trend again.
The expected trading range for today is between 0.7050 support and 0.7200
The expected trend for today: Bearish
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