NZDUSD crawls calmly – Analysis - 01-05-2017
Economies.com
2017-05-01 04:15AM UTC
The NZDUSD pair shows slight bearish bias on its way towards our waited target at 0.6780, as the bearish trend still suggested on the intraday and short term basis, supported by the EMA50 that pushes negatively on the price.
Therefore, we are waiting for more decline in the upcoming period, noting that breaching 0.6915 will push the price to attempt to recover and regain its main bullish track.
Expected trading range for today is between 0.6780 support and 0.6915
Expected trend for today: Bearish
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