NZDUSD under the negative pressure – Analysis - 16-06-2017
Economies.com
2017-06-16 01:37AM UTC
The NZDUSD pair broke 0.7215 level clearly and settled with a daily close below it, which puts the price under intraday negative pressure that we expect to push trading to test 0.7049 areas before attempting to return to rise again.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 0.7215 followed by 0.7235 levels and holding above them.
Expected trading range for today is between 0.7100 support and 0.7250
Expected trend for today: Bearish
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