NZDUSD approaches the target – Analysis - 17-11-2017
Economies.com
2017-11-17 04:28AM UTC
The NZDUSD pair continues to decline to approach gradually from our waited target at 0.6818, noticing that stochastic loses its positive momentum clearly on the four hours' time frame, while the EMA50 keeps pushing negatively on the price.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, and breaking the mentioned level will push the price towards 0.6618 as a next target, while holding below 0.6992 represents the most important condition to achieve the suggested targets.
Expected trading range for today is between 0.6780 support and 0.6925
Expected trend for today: Bearish
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