NZDUSD begins positively – Analysis - 11-12-2017

The NZDUSD pair opens today's trading with clear positivity to approach from testing the symmetrical triangle's resistnce that appears on the above chart, noting that the price stability below this resistance at 0.6915 will keep the chances valid to resume the main bearish trend, waiting to test 0.6780 level initially.

Therefore, we will continue to suggest the overall bearish trend unless breaching 0.6915 followed by 0.6964 levels and holding above them, as breaching the last level will open the way to start bullish correction that its next target located at 0.7077.

Expected trading range for today is between 0.6780 support and 0.6950

Expected trend for today: Bearish