NZDUSD tests the resistance – Analysis - 09-11-2017
Economies.com
2017-11-09 04:11AM UTC
The NZDUSD pair showed clear positive trading yesterday, approaching from the key resistance at 0.6992, and as long as the price is below this level, our bearish overview will remain active for the upcoming period, as breaching this level will push the price to start bullish correction that its next target located at 0.7100.
Stochastic shows negative signals that support the expected decline, which its targets begin by breaking 0.6895 to push the price towards testing the recently recorded low at 0.6818 as a first main station.
Expected trading range for today is between 0.6860 support and 0.6992
Expected trend for today: Bearish
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