The NZD/USD rises calmly – Analysis – 02/12/2020

nzd_1_newsThe NZDUSD pair shows calm positive trades to approach gradually from our waited target at 0.7135, reinforcing the expectations of continuing the main bullish trend, which its targets extend to 0.7200 after surpassing the previous level.

The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 0.7010.

The expected trading range for today is between 0.7010 support and 0.7140

The expected trend for today: Bullish

Origin: Economies

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