NZDUSD attempts positively – Analysis - 22-05-2017
Economies.com
2017-05-22 04:18AM UTC
The NZDUSD pair fluctuates around the correctional bearish channel's resistance now, noticing that the EMA50 forms negative pressure against the intraday and short term trading, while stochastic shows negative signals on the daily time frame.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming period, conditioned by the price stability below 0.6945, reminding you that our main target is located at 0.6780.
Expected trading range for today is between 0.6820 support and 0.7000
Expected trend for today: Bearish
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