NZDUSD declines again – Analysis - 09-03-2018
Economies.com
2018-03-09 04:58AM UTC
The NZDUSD pair ended yesterday’s trading below 0.7281 level, which stops yesterday’s expected rise and puts the price under the correctional bearish pressure again, waiting to head to test 0.7185 level again, which represents 38.2% Fibonacci correction level for the bullish wave that appears on the chart.
Therefore, we expect the price to witness more decline in the upcoming period unless it managed to breach 0.7281 level and hold above it again.
Expected trading range for today is between 0.7160 support and 0.7340
Expected trend for today: Bearish
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