The NZDUSD declines strongly – Analysis - 17-06-2021
Economies.com
2021-06-17 04:15AM UTC
The NZDUSD pair traded with strong negativity to surpass our waited negative target at 0.7080 and touches the bearish channel’s support line that appears on the chart, showing some bullish bias by today’s open, and it might head to test 0.7125 before turning back to decline again.
We expect the continuation of the bearish trend domination on the intraday basis, and the next target reaches 0.7030, noting that breaching 0.7125 will stop the expected decline and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 0.7020 support and 0.7120 resistance
The expected trend for today: Bearish
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