NZDUSD below the resistance – Analysis - 17-05-2017
Economies.com
2017-05-17 04:08AM UTC
The NZDUSD pair fluctuates within sideways and tight track in the previous days keeping its stability below 0.6915, to remain inside the bearish channel that appears on the above chart, noting that the EMA50 forms negative pressure that supports the continuation of trading inside this channel.
Therefore, our bearish overview will remain valid for the upcoming period, and the targets begin at 0.6780 and extend to 0.6614, while achieving them conditions holding below 0.6915.
Expected trading range for today is between 0.6780 support and 0.6950
Expected trend for today: Bearish
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