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The NZD/USD surpasses the resistance – Analysis – 24/12/2020

The NZDUSD pair confirmed breaching 0.7080 level and settled above it, to turn to rise again and stop the recently suggested correctional bearish scenario, on its way to visit 0.7171 initially, noting that breaching this level will open the way to head towards 0.7300 as a next positive target.

Therefore, the bullish trend will be expected for the upcoming period unless breaking 0.7034 level and holding below it.

The expected trading range for today is between 0.7034 support and 0.7170

The expected trend for today: Bullish


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