NZDUSD activates the negative pattern – Analysis - 14-11-2017

Economies.com
2017-11-14 04:20AM UTC

The NZDUSD pair continues its decline strongly after confirming completing the bearish flag pattern represented by the minor bullish channel that was broken yesterday, to head towards our first waited target at 0.6818, reminding you that breaking this level will push the price for more decline that its next target reaches 0.6618.

 

Therefore, the bearish trend will remain dominant in the upcoming sessions unless breaching 0.6925 followed by 0.6992 levels and holding above them.

 

Expected trading range for today is between 0.6780 support and 0.6925

 

Expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
AUD/USD news

Forex

Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
USD/JPY news

Forex

Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...

Forex Technical Analysis

EUR JPY Analysis

Forex

The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
GBP JPY Analysis

Forex

The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
USD CHF Analysis

Forex

The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...