The NZDUSD resumes the decline – Analysis - 17-05-2019
Economies.com
2019-05-17 00:46AM UTC
The NZDUSD pair bounced downwards strongly after testing the EMA50 yesterday, to approach our first waited target at 0.6515, noting that we expect the continuation of the bearish bias to head towards 0.6425 that represents our next main station.
Therefore, the bearish trend will remain suggested in the upcoming sessions, noting that breaching 0.6580 will push the price to test the most important resistance at 0.6654 before any new attempt to decline.
The expected trading range for today is betwenen 0.6470 support and 0.6580
The expected trend for today: Bearish
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