The NZDUSD breaks the support – Analysis - 12-11-2019

2019-11-12 05:44:59 GMT (Economies.com)
 

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

 

 
 
 
  Symbol Last Change Chg.%
1.1092
0.0030
0.2744%
1.3134
-0.0003
0.0263%
Tadawul
8066.42
-53.59
0.66%
16.646
0.074
0.444%
58.925
-0.185
0.313%
64.34
0.09
0.14%
1463.940
4.095
0.281%
 
 
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