NZDUSD keeps its negative stability – Analysis - 30-12-2016
Economies.com
2016-12-30 04:58AM UTC
The NZDUSD pair retested 0.6975 level and keeps its stability below it, to keep the negative pressure valid until now, supported by stochastic negativity that appears clearly on the four hours' time frame, waiting to resume the bearish bias in the upcoming sessions.
The price needs to break 0.6915 level to confirm opening the way to target 0.6780 level that represents our next main station, reminding you that breaching 0.6975 level will stop the negative scenario temporarily to lead the price towards testing 0.7049 before detecting the next destination clearly.
Expected trading range for today is between 0.6820 support and 0.7020
Expected trend for today: Bearish
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