Midday update for NZDUSD 20-09-2018

Economies.com
2018-09-20 09:50AM UTC

The NZDUSD pair continues to rise to gradually approach our waited target at 0.6725, supported by the EMA50 that carries the price from below, being aware that it is important to monitor the price behavior when reaching the mentioned level, as breaching it will extend the pair’s gains on the short term basis to reach 0.6800 as a next station, while breaking 0.6580 will stop the expected rise and put the price to decline again.

 

Expected trading range for today is betwenen 0.6580 support and 0.6725

 

Expected trend for today: Bullish

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