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NZDUSD at the first target – Analysis - 29-03-2018
The NZDUSD pair succeeded to touch our waited target at 0.7185 and settles there, which represents 38.2% Fibonacci for the rise that appears on the chart, which means that breaking it will extend the bearish wave to reach 0.7107 as a next station.
The EMA50 keeps pushing negatively on the price, to provide chances to break the current support levels followed by continuing the decline in the upcoming period, thus, we will continue to suggest the bearish trend unless the price managed to breach 0.7281 level and hold above it.
Expected trading range for today is between 0.7100 support and 0.7281
Expected trend for today: Bearish
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AUDUSD touches the first target – Analysis - 29-03-2018
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