NZDUSD begins with slight positivity – Analysis - 14-08-2018

The NZDUSD pair shows some calm bullish bias by today’s opening, achieving some bullish correction for the last decline, and it might test 0.6626 – 0.6666 levels before turning back to decline again.

In general, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 0.6666, as breaching this level might push the price to test the main bearish channel’s resistance at 0.6760 before resuming the main bearish wave, noting that our waited target is located at 0.6500.

Expected trading range for today is betwenen 0.6500 support and 0.6666

Expected trend for today: Bearish