The NZDUSD hits the second target – Analysis - 25-04-2019
Economies.com
2019-04-25 04:20AM UTC
The NZDUSD pair succeeded to achieve our second waited target at 0.6585, which represents the bearish channel’s support line that appears on the chart, which might push the price to test 0.6654 level in the upcoming sessions before resuming the bearish bias again.
The bearish trend still suggested on the intraday and short term basis, supported by the negative pressure formed by the EMA50, waiting to visit 0.6515 level as a next station, noting that holding below 0.6654 represents key condition to continue the expected decline.
The expected trading range for today is betwenen 0.6530 support and 0.6660
The expected trend for today: Bearish
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