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The NZDUSD keeps declining – Analysis - 17-11-2023
The NZDUSD pair keeps providing the negative trades to approach our first waited target at 0.5935, and we suggest the continuation of the bearish bias to visit 0.5900 level as a next negative station, to keep the bearish trend scenario active on the intraday basis.
The continuation of the bearish wave depends on the price stability below 0.6020, while breaking 0.5900 will push the price to achieve more negative targets that reach 0.5815 areas on the near-term basis.
The expected trading range for today is between 0.5900 support and 0.6000 resistance
The expected trend for today: Bearish
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