NZDUSD confirms the break – Analysis - 12-05-2017
Economies.com
2017-05-12 03:58AM UTC
The NZDUSD pair ended yesterday's trading below 0.6862, to confirm breaking this level and continue the expected bearish wave on the intraday basis, as our next target is located at 0.6780.
The bearish channel that appears on chart organizes the suggested bearish wave, which its targets extend towards 0.6614 after breaking the previous level, taking into consideration that the continuation of the expected bearish trend depends on holding below 0.6915.
Expected trading range for today is between 0.6730 support and 0.6915
Expected trend for today: Bearish
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