The NZDUSD resumes the decline – Analysis - 22-05-2019

Economies.com
2019-05-22 00:57AM UTC

The NZDUSD pair resumed its negative trading to settle around 0.6500 barrier now, reinforcing the expectations of continuing the expected bearish trend on the intraday and short term basis, organized inside the bearish channel that appears on the chart, reminding you that our next target is located at 0.6425.

 

Holding below 0.6540 is important to continue the expected decline, as breaching it will turn the intraday track to rise and potential visit to 0.6654 areas initially.

 

The expected trading range for today is betwenen 0.6430 support and 0.6550

 

The expected trend for today: Bearish

 

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