NZD USD loses the positive momentum – Analysis - 16/09/2014
Economies.com
2014-09-16 05:22AM UTC
The NZDUSD pair traded with slight positivity affected by stochastic positivity which lost its bullish momentum by reaching the overbought levels now, which encourages us to prefer a bearish turn to resume the bearish bias that its next main target located at 0.8050.
The EMA50 pushes negatively on the current trading to support the suggested decline, which remains valid unless breaching 0.8235 level and holding above it.
Expected trading range for today is between: 0.8000 support and 0.8235 resistance.
Expected trend for today: Bearish
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