NZD USD tests the moving average – Analysis - 17/09/2014
Economies.com
2014-09-17 05:06AM UTC
The NZDUSD pair made a test to the EMA50 that forms a strong intraday resistance at 0.8225, to bounce bearishly resuming the bearish trend inside the descending channel that appears on chart, which its next target is located at 0.8050.
Therefore, the bearish trend scenario will remain valid efficiently for today unless breaching 0.8235 level and holding above it.
Expected trading range for today is between: 0.8070 support and 0.8235 resistance.
Expected trend for today: Bearish
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