NZDUSD suffers more losses – Analysis - 20-10-2017

The NZDUSD pair continues its negative trading strongly to surpass our waited target at 0.6992 and attempts to hold below it, which opens the way to extend the pair's losses on the short term basis, to head towards targeting 0.6920 followed by 0.6817 levels as next main stations.

Therefore, we will continue to suggest the bearish trend in the upcoming sessions, taking into consideration that breaching 0.7100 will release the price from the current negative pressure and push the price to the bullish track again.

Expected trading range for today is between 0.6880 support and 0.7050

Expected trend for today: Bearish