NZD/USD approaches the target – Analysis – 21/09/2018

nzd_2_newsThe NZDUSD pair shows more bullish bias to reach the thresholds of our main waited target at 0.6720, getting continuous positive support by the EMA50, to keep the bullish bias suggested in the upcoming sessions, but it is important to monitor the price when reaching the mentioned level, as breaching it will extend the bullish wave to reach 0.6800 direct, while holding against the current rise will force the price to rebound bearishly and resume the bearish trend within the main bearish channel that appears on the chart.

Expected trading range for today is betwenen 0.6600 support and 0.6770

Expected trend for today: Bullish

NZDUSD approaches the target – Analysis - 21-09-2018

Origin: Economies

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