Technical analysis of NZD/USD for May 17, 2018

Source: Forex Analysis


The bias for NZD/USD at 4-hour charts is still in Bearish condition, for a few days ahead there is possibility for this pair to going down to test their next support at 0.6848 level, this condition already spotted by the William %R (14) now in Overbought condition, as long as NZD/USD not exceed and breakout from the 0.6984 level there is high probability for this pair to continue their downside movement.


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