The NZDUSD gets a negative close – Analysis - 11-11-2019

2019-11-11 05:52:14 GMT (Economies.com)
 

The NZDUSD pair closed the last week trading below 0.6340 level, which supports the continuation of our bearish trend expectations efficiently in the upcoming period, keeping the negative scenario valid, in spite of the positive close that puts the price above the mentioned level temporarily.

 

Therefore, we are waiting for today’s negative trading to target 0.6285 then 0.6205 levels mainly, being aware that holding above 0.6340 might push the price to achieve an extra intraday gains before it return to decline again.

 

The expected trading range for today is between 0.6285 support and 0.6380

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1083
0.0021
0.1880%
1.3115
-0.0022
0.1705%
Tadawul
8125.68
59.26
0.73%
16.647
0.075
0.454%
58.875
-0.235
0.398%
63.89
-0.45
0.70%
1464.960
5.115
0.350%
 
 
Live Forex Updates