Midday update for NZD USD 27/08/2015
Economies.com
2015-08-27 11:16AM UTC
The NZDUSD pair moves within sideways and tight track since morning keeping its stability below 0.6550 level, and the EMA50 keeps pushing negatively on the intraday and short term trading, which keeps the bearish trend scenario valid until now, waiting for testing 0.6395 level initially.
We remind you that holding below 0.6550 and 0.6640 levels important for the continuation of the suggested bearish bias.
Expected trading range for today is between 0.6300 support and 0.6550 resistance.
Expected trend for today: Bearish
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