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The NZDUSD shows mixed trades – Analysis - 18-08-2021
The NZDUSD pair traded with strong negativity this morning affected by the RBNZ data, to reach few pips away from our waited target at 0.6865, showing bullish bias on its way for potential test to the key resistance 0.7000.
As long as the price is below the mentioned resistance, the bearish trend will remain suggested for the upcoming period, supported by the negative pressure formed by the EMA50, noting that the next target extends to 0.6800.
The expected trading range for today is between 0.6860 support and 0.7000 resistance
The expected trend for today: Bearish
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The AUDUSD reaches the extended target – Analysis - 18-08-2021
The AUDUSD pair achieved additional strong declie to reach the thresholds of the extended target at 0.7225, to enter the bearish channel that appears on the chart again, which supports the chances of achieving more decline and breaking the mentioned level to head towards 0.7100 as a next main station.
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