The NZDUSD breaks the support – Analysis - 12-11-2019
Economies.com
2019-11-12 05:44AM UTC
The NZDUSD pair begins today’s trading with a clear negativity to break 0.6340 level and attempts to settle below it, which supports the continuation of our bearish trend expectations, motivated by stochastic negativity that appears clearly on the four hours time frame, waiting for targeting 0.6285 then 0.6205 levels that represents our next main stations.
The EMA50 supports the expected decline, which will remain valid conditioned by holding below 0.6340 level.
The expected trading range for today is between 0.6260 support and 0.6380
The expected trend for today: Bearish
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