The NZDUSD approaches the target – Analysis - 17-04-2019

Economies.com
2019-04-17 03:36AM UTC

The NZDUSD pair opened today with a strong negative trading to approach from our main waited target at 0.6654, and returns to fluctuate near 0.6700 level, keeping the bearish trend active in the upcoming sessions, supported by the negative pressure that comes from the EMA50.

 

Note that the continuation of the expected decline conditioned by holding below 0.6795 level, where breaching it will lead the price to turn to the upside and achieve gains that begin at 0.6910.

 

The expected trading range for today is betwenen 0.6655 support and 0.6795

 

The expected trend for today: Bearish

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