Midday update for NZDUSD 31-10-2017

Economies.com
2017-10-31 10:41AM UTC

The NZDUSD pair managed to break the bullish flag pattern that appears on chart and closed the last four hours' candlestick below it, which confirms the continuation of our bearish overview in the upcoming period, and the price needs to break 0.6817 level to confirm opening the way to head towards our next target at 0.6617, while holding below 0.6992 represents the most important condition to achieve the waited targets.

 

Expected trading range for today is between 0.6750 support and 0.6900

 

Expected trend for today: Bearish

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