Midday update for NZDUSD 06-10-2017
Economies.com
2017-10-06 10:30AM UTC
The NZDUSD pair started the breaking process to 0.7100 level and closed the last four hours' candlesticks below it, which supports the continuation of our bearish overview efficiently in the upcoming period, paving the way to head towards our next target at 0.6992, to keep the bearish trend suggested for today.
The EMA50 supports the expected decline, which its continuation conditions holding below 0.7187 and the most important below 0.7275.
Expected trading range for today is between 0.7000 support and 0.7187
Expected trend for today: Bearish
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