NZDUSD begins to decline – Analysis - 25-06-2018
Economies.com
2018-06-25 03:49AM UTC
The NZDUSD pair rebounds bearishly after approaching 0.6934 level, supported by the negative signals that appear through stochastic and the EMA50, which makes us continue suggesting the bearish trend on the intraday and short term basis, waiting to visit 0.6779 level as a next main station.
Holding below 0.6934 is important to continue the expected decline, as breaching it will lead the price to start recovery attempts that target 0.7030 areas initially.
Expected trading range for today is betwenen 0.6800 support and 0.6950
Expected trend for today: Bearish
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