Midday update for NZDUSD 11-05-2017

Economies.com
2017-05-11 10:24AM UTC

The NZDUSD pair keeps its stability below 0.6862 level, to keep the negative pressure valid for today, waiting to test 0.6780 level initially, reminding you that breaking this level will extend the bearish wave to reach 0.6614 as a next main station.

 

In general, the negative scenario will remain active for the upcoming period unless we witnessed clear breach and holding with a daily close above 0.6915.

 

Expected trading range for today is between 0.6730 support and 0.6915

 

Expected trend for today: Bearish

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