NZDUSD approaches from the target – Analysis - 26-10-2017
Economies.com
2017-10-26 03:31AM UTC
The NZDUSD pair shows some slight bullish bias now to test 0.6900 barrier, noticing that stochastic loses its bullish momentum clearly on the four hours' time frame, which supports the chances of continuing the overall bearish trend scenario, which its next main target located at 0.6817.
Therefore, we are waiting for negative trading in the upcoming sessions, supported by the pressure formed by the EMA50, reminding you that the continuation of the expected decline depends on holding below 0.6992.
Expected trading range for today is between 0.6800 support and 0.6950
Expected trend for today: Bearish
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