Midday update for NZDUSD 06-11-2017
Economies.com
2017-11-06 10:37AM UTC
The NZDUSD pair faced the EMA50 that forms good intraday support at 0.6880, and the price needs to break this level to ease the mission of testing the previously recorded low at 0.6817, reminding you that surpassing this level will push the price towards 0.6617 on the near term basis.
Therefore, the bearish trend scenario will remain valid and active unless breaching 0.6992 level and holding above it.
Expected trading range for today is between 0.6800 support and 0.6950
Expected trend for today: Bearish
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