NZDUSD returns to decline – Analysis - 14-03-2017
Economies.com
2017-03-14 05:18AM UTC
The NZDUSD pair trades with slight negativity after approaching from retesting the previously broken bullish trend line that turns into key resistance now at 0.6965, to starting pushing on 0.6915 level now, waiting to break this level to confirm the continuation of the bearish trend that its next target located at 0.6780.
Therefore, the bearish trend will remain active unless breaching 0.6965 level, which will lead the price to start attempts to stop the bearish correction that dominates the recent trading followed by turning back to the main bullish trend again.
Expected trading range for today is between 0.6800 support and 0.7000
Expected trend for today: Bearish
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