NzdUsd - Bearish But Risk Of Range

٥ نوفمبر ٢٠١٧

We start the week with NzdUsd having corrected towards resistance at 0.69530, as expected (from last week). We are now looking for further declines next week towards the targets of 0.67726 and 0.66791 respectively. It should be noted however that as the sell off from the 0.71429 area of resistance was so strong, there is a heightened risk of a range forming.