The NZD/USD touches the first target – Analysis – 24/11/2020

nzd_2_newsThe NZDUSD pair opened today with strong rise to succeed touching our first waited target at 0.6970, and we suggest surpassing this level to extend the bullish wave towards 0.7050 as a next main station.

In general, the bullish trend will remain valid and active for the upcoming period supported by the EMA50, noting that holding above 0.6890 is important to achieve the waited targets.

The expected trading range for today is between 0.6900 support and 0.7040

The expected trend for today: Bullish

Origin: Economies

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