The NZDUSD achieves some bullish correction – Analysis - 19-06-2019
Economies.com
2019-06-19 04:38AM UTC
The NZDUSD pair provided more bullish bias to test 23.6% Fibonacci correction level for the last decline measured from 0.6681 to 0.6488, accompanied by stochastic loss to the positive momentum and reaching the overbought areas, which supports the chances of bouncing bearishly to resume the expected bearish trend for the upcoming period.
Therefore, the bearish trend will remain suggested conditioned by the price stability below 0.6535, reminding you that our targets begin by breaking 0.6481 to confirm rallying towards 0.6345 as a next main target.
The expected trading range for today is betwenen 0.6460 support and 0.6560
The expected trend for today: Bearish
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