Midday update for NZDUSD 22-06-2018

Economies.com
2018-06-22 10:59AM UTC

The NZDUSD pair shows positive trading now to approach testing 0.6934 level, met by the EMA50 to add more strength to it, while stochastic shows clear overbought signals.

 

Therefore, these factors encourage us to keep our bearish overview that depends on holding below the above mentioned level, while the next main target is located at 0.6779.

 

Expected trading range for today is betwenen 0.6800 support and 0.6950

 

Expected trend for today: Bearish

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