NZDUSD gets a negative close – Analysis - 08-12-2017

The NZDUSD pair managed to break the symmetrical triangle's support line and closed the daily candlestick below it, which reinforces the expectations of continuing the main bearish trend, which targets testing 0.6780 level as a next station, reminding you that breaking this level will push the price towards 0.6620 on the near term basis.

Therefore, we will continue to suggest the bearish trend for today unless breaching 0.6862 level and holding above it, as breaching this level will push the price to test 0.6925 and might extend to 0.6964 areas before any new attempt to decline.

Expected trading range for today is between 0.6750 support and 0.6900

Expected trend for today: Bearish