FX.co ★ Daily analysis of NZD/USD for April 28, 2017

Overview

The NZD/USD pair held stable below 0.6915 after retesting it yesterday, which keeps our bearish view valid until now. This view is supported by the negative pressure formed by the EMA50, and the way is open to visit our next target at 0.6780. Therefore, we are waiting for more decline in the upcoming sessions, reminding you that breaching the level of 0.6915 will stop the suggested decline and lead the price to achieve gains on the intraday basis. The expected trading range for today is between 0.6780 support and 0.6950 resistance.