Midday update for NZDUSD 12-10-2017
Economies.com
2017-10-12 09:21AM UTC
The NZDUSD pair provides positive trading to move above 0.7100, while the EMA50 keeps forming negative pressure against the intraday trading, to keep the chances valid to continue the recently suggested negative scenario, taking into consideration that closing the daily candlestick above the mentioned level will push the price to rise towards 0.7187 initially.
The price needs to trade below 0.7100 again to reinforce the expetations of heading towards 0.6992 that represents our next main target.
Expected trading range for today is between 0.6992 support and 0.7140
Expected trend for today: Bearish
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