The NZDUSD reaches the target – Analysis - 17-06-2019

Economies.com
2019-06-17 04:09AM UTC

The NZDUSD pair managed to reach few pips away from our waited target at 0.6481, starting today with slight bullish bias that hints the price head to achieve some intraday gains before resuming the main bearish bias again.

 

Therefore, we will continue to suggest the overall bearish trend, it might be preceeded by some temporary rise to test 0.6545 areas before turning back to decline again, noting that breaking 0.6481 will press on the price to head towards 0.6345 as a next main station.

 

The expected trading range for today is betwenen 0.6450 support and 0.6550

 

The expected trend for today: Bearish

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