Midday update for NZDUSD 08-11-2017
Economies.com
2017-11-08 10:46AM UTC
The NZDUSD pair shows sideways and tight trading since morning, settling near the minor bullish channel's support that appears on chart, and we still waiting to break 0.6885 level to confirm continuing the decline on the short term basis, as the waited targets located at 0.6818 and extend to 0.6618.
Holding below 0.6992 is important to continue the expected decline, as breaching it will push the price to start bullish correction that its next target reaches 0.7100 before any new attempt to decline.
Expected trading range for today is between 0.6800 support and 0.6992
Expected trend for today: Bearish
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