NZDUSD tests the resistance – Analysis - 17-07-2018
Economies.com
2018-07-17 02:53AM UTC
The NZDUSD pair fluctuates around 0.6774 level, noticing that the price showed positive attempts yesterday, but the EMA50 managed to form intraday resistance barrier to push the price to decline again.
Therefore, we believe that the chances are valid to resume the bearish trend conditioned by holding below 0.6790, noting that we are waiting to visit 0.6670 level as a next main station.
Expected trading range for today is betwenen 0.6670 support and 0.6830
Expected trend for today: Bearish
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