The NZD/USD returns to rise – Analysis – 13/01/2021

nzd_1_newsThe NZDUSD pair provided clear positive trades yesterday after finding solid support at 23.6% Fibonacci correction level at 0.7150, to head towards resuming the main bullish trend, paving the way to visit 0.7315 as a next main target.

Therefore, we expect witnessing more rise in the upcoming sessions, and breaching 0.7245 will ease the mission of achieving the waited targets, while the expected rise will remain valid unless breaking 0.7180 and holding below it.

The expected trading range for today is between 0.7180 support and 0.7300

The expected trend for today: Bullish

Origin: Economies

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