NZDUSD heads to retest – Analysis - 11-07-2018

Economies.com
2018-07-11 04:00AM UTC

The NZDUSD pair shows some slight bearish bias now to move near 0.6800 barrier, while the expected bullish trend still valid on the intraday basis, affected by the inverted head and shoulders’ pattern that was completed previously, waiting to visit 0.6900 level mainly.

 

Therefore, we will continue to suggest the bullish trend for today unless breaking 0.6770 level and holding below it.

 

Expected trading range for today is betwenen 0.6750 support and 0.6900

 

Expected trend for today: Bullish

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