NZDUSD awaits the break – Analysis - 13-11-2017

The NZDUSD pair crawls downwards gradually to approach from the minor bullish channel's support, located now at 0.6905, waiting to break this level to motivate the price to continue the main bearish trend, which its targets begin by testing 0.6818 level.

In general, the bearish trend will remain suggested on the intraday and short term basis unless breaching 0.6992 level and holding above it, noting that breaking the above mentioned level will push the price to extend its losses and target 0.6617 areas on the near term basis.

Expected trading range for today is between 0.6820 support and 0.6992

Expected trend for today: Bearish