NZDUSD completes negative formation – Analysis - 31-10-2017
Economies.com
2017-10-31 04:08AM UTC
The NZDUSD pair fluctuates within minor bullish channel that we believe it forms bearish flag appears on chart, as the price attempts to confirm breaking its support at 0.6845, which supports the chances of continuing the overall bearish trend scenario.
Therefore, we suggest witnessing negative trading in the upcoming sessions, and the expected targets begin by breaking 0.6817 to open the way to head towards 0.6617, reminding you that holding below 0.6992 represents key condition to continue the expected decline.
Expected trading range for today is between 0.6750 support and 0.6900
Expected trend for today: Bearish
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