The NZDUSD returns to decline – Analysis - 06-11-2019
Economies.com
2019-11-06 05:23AM UTC
The NZDUSD pair declined clearly yesterday to break 0.6390 level and settles below it, which puts the price under expected negative pressure in the upcoming sessions, on its way to test 0.6340 level initially.
Therefore, the bearish bias will be suggested for today, noting that surpassing the mentioned target will extend the bearish wave to reach 0.6275 followed by 0.6205 as next negative targets, while the expected decline will remain valid unless breaching 0.6426 level and holding above it.
The expected trading range for today is between 0.6320 support and 0.6410
The expected trend for today: Bearish
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