The NZD/USD completes the positive pattern – Analysis – 21/07/2020

usd-nzdThe NZDUSD pair managed to breach the bullish pennant’s resistance and attempts to surpass 0.6580, which supports the continuation of our bullish overview efficiently in the upcoming period, paving the way to head towards our next targets that reach 0.6665 followed by 0.6750.

Therefore, we are waiting for more rise on the intraday and short term basis, noting that it is important to hold above 0.6520 to continue the suggested rise.

The expected trading range for today is between 0.6520 support and 0.6650

The expected trend for today: Bullish

Origin: Economies

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