NZDUSD under the negative pressure – Analysis - 12-07-2018

Economies.com
2018-07-12 03:53AM UTC

The NZDUSD pair traded with clear negativity yesterday to break 0.6770 level and settles below it, which cancels the positive pattern mentioned in our recent reports and put the price within the bearish track again, targeting heading towards 0.6670 areas initially.

 

Therefore, the bearish trend will be suggested for the upcoming period unless breaching 0.6774 level and holding above it.

 

Expected trading range for today is betwenen 0.6670 support and 0.6827

 

Expected trend for today: Bearish

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