The NZDUSD declines calmly – Analysis - 18-04-2019

Economies.com
2019-04-18 03:46AM UTC

The NZDUSD pair fluctuates with calm negativity on its way to resume the expected bearish trend on the intraday basis, noting that moving below the EMA50 supports the expectations to decline, which targets visiting 0.6654 level mainly.

 

Holding below 0.6795 is important to continue the suggested bearish trend, as breaching it will push the price to start recovery attempts that target 0.6910 areas initially.

 

The expected trading range for today is betwenen 0.6655 support and 0.6795

 

The expected trend for today: Bearish

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