The NZDUSD touches the first target – Analysis - 20-05-2019
Economies.com
2019-05-20 00:50AM UTC
The NZDUSD pair succeeded to touch our first waited target at 0.6515 and settles near it, and the bearish trend still dominant depending on moving inside the bearish channel that appears on the chart, besides the negative pressure formed by the EMA50, waiting to head towards 0.6425 as a next main station.
We remind you that breaching 0.6580 will push the price to rise towards 0.6654 before any new attempt to resume the main bearish trend.
The expected trading range for today is betwenen 0.6460 support and 0.6560
The expected trend for today: Bearish
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