The NZDUSD achieves clear gains – Analysis - 13-11-2019

2019-11-13 05:30:02 GMT (Economies.com)
 

The NZDUSD pair opens today’s trading with strong rise affected by the RBNZ decision to raise the rate by 0.25 point, which pushed the price to breach 0.6340 and reach 0.6426 areas again, noting that we expect the end of the positive effect now and return to decline to resume the bearish trend again, waiting to test 0.6340 level initially.

 

Therefore, the bearish bias will be suggested for today, taking into consideration that the continuation of the rise and breaching 0.6426 will lead the price to achieve additional gains that start at 0.6495 and extend to 0.6565.

 

The expected trading range for today is between 0.6320 support and 0.6440

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1061
-0.0001
0.0059%
1.3146
0.0009
0.0719%
Tadawul
8120.01
21.27
0.26%
16.596
0.024
0.143%
58.965
-0.145
0.245%
64.43
0.04
0.06%
1460.305
0.460
0.032%
 
 
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