Midday update for NZDUSD 17-10-2017

Economies.com
2017-10-17 10:02AM UTC

The NZDUSD pair shows more sideways trading around 0.7187 level, while stochastic prepares to provide positive overlapping signal on the four hours' time frame, reinforcing the chances of achieving the breach to push the price towards 0.7275 that represents our next main target.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless we witnessed clear break and hold with a daily close below 0.7100.

 

Expected trading range for today is between 0.7100 support and 0.7275

 

Expected trend for today: Bullish

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