NZDUSD approaches from the target – Analysis - 19-12-2016

The NZDUSD pair resumed its negative trading strongly to approach from our main waited target at 0.6915, to keep our bearish overview valid efficiently in the upcoming period, being aware that breaking this level will extend the bearish wave to target 0.6780 level as a next main station.

In general, we will continue to suggest the bearish bias on the intraday and short term basis unless breaching 0.7049 level and holding with a daily close above it.

Expected trading range for today is between 0.6860 support and 0.7049

Expected trend for today: Bearish