The NZDUSD needs a negative motive – Analysis - 16-05-2019
Economies.com
2019-05-16 00:43AM UTC
The NZDUSD pair continues to fluctuate near the bearish channel’s resistance and still below it until now, which keeps the bearish trend scenario valid as it is without any change for the upcoming period, supported by the EMA50, waiting to visit 0.6515 level as a first target, reminding you that it is important to hold below 0.6654 to continue the suggested bearish bias.
The expected trading range for today is betwenen 0.6500 support and 0.6600
The expected trend for today: Bearish
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