The NZDUSD crawls downwards – Analysis - 21-08-2019

Economies.com
2019-08-21 04:54AM UTC

The NZDUSD pair continues to fluctuate inside the bearish channel that appears on the chart, crawling gradually downwards, to keep the bearish trend valid and active for today, waiting to test 0.6377 level initially.

 

The EMA50 continues to support the suggested bearish wave, which its continuation conditions holding below 0.6480.

 

The expected trading range for today is between 0.6350 support and 0.6460

 

The expected trend for today: Bearish

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