The NZDUSD reaches the first target – Analysis - 22-08-2019

Economies.com
2019-08-22 04:38AM UTC

The NZDUSD pair begins today’s trading with clear negativity to reach our first waited target at 0.6377, and continues to move inside the intraday bearish channel that supports the chances of surpassing the mentioned level to open the way to achieve more negative targets in the upcoming sessions, which reach 0.6300 as a next station.

 

Therefore, we will continue to suggest the bearish trend for today as long as 0.6480 level remains intact.

 

The expected trading range for today is between 0.6300 support and 0.6420

 

The expected trend for today: Bearish

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