The NZDUSD within bearish channel – Analysis - 15-08-2019
Economies.com
2019-08-15 03:49AM UTC
The NZDUSD pair moves inside an intraday bearish channel that appears on the chart, falling under continuous negative pressure coming by the EMA50, therefore, the chances are valid to achieve more decline in the upcoming period, waiting to visit 0.6377 as a next main target.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.6480 and hold above it.
The expected trading range for today is betwenen 0.6380 support and 0.6480
The expected trend for today: Bearish
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