Midday update for NZDUSD 12-05-2017
Economies.com
2017-05-12 11:12AM UTC
The NZDUSD pair keeps its stability below 0.6862 level, which keeps the negative pressure valid for today, supported by the EMA50 that supports the continuation of trading inside the bearish channel that appears on chart, waiting to test 0.6780 level initially.
Breaking the mentioned level will push the price towards 0.6614 direct, while the expected decline will remain valid unless breaching 0.6915 and holding above it.
Expected trading range for today is between 0.6730 support and 0.6915
Expected trend for today: Bearish
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