Midday update for NZDUSD 08-08-2018
Economies.com
2018-08-08 09:45AM UTC
The NZDUSD pair trades with clear negativity now to approach the minor bullish channel’s support line that appears on the chart, and the price needs to break 0.6730 level to ease the mission of continuing the bearish trend that its next target located at 0.6660.
Thus, the bearish trend will remain suggested in the upcoming period conditioned by the price stability below 0.6827.
Expected trading range for today is betwenen 0.6660 support and 0.6820
Expected trend for today: Bearish
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