NZDUSD at the first target – Analysis - 23-04-2018
Economies.com
2018-04-23 03:52AM UTC
The NZDUSD pair continued its decline to reach our first target at 0.7185, which represents 38.2% Fibonacci correction level for the rise from 0.6780 to 0.7436, which means that breaking this level will extend the correctional bearish wave to reach 0.7108 as a next station.
The EMA50 forms negative pressure against the price, to suggest the continuation of the bearish trend in the upcoming sessions unless the price managed to rally upwards to breach 0.7281 and hold above it.
Expected trading range for today is between 0.7110 support and 0.7281
Expected trend for today: Bearish
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