NZDUSD resumes the decline – Analysis - 16-11-2017
Economies.com
2017-11-16 04:49AM UTC
The NZDUSD pair bounced downwards clearly after testing the EMA50 that formed solid resistance against the price recent positive attempts, to resume the bearish track and approach our first waited target at 0.6818, reminding you that breaking this level will push the price towards 0.6618 as a next main station.
We should note that breaching 0.6992 will stop the expected decline and push the price to start bullish correction that targets 0.7100 areas before any new attempt to decline.
Expected trading range for today is between 0.6780 support and 0.6925
Expected trend for today: Bearish
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