Midday update for NZDUSD 19-10-2017
Economies.com
2017-10-19 09:55AM UTC
The NZDUSD pair fell under strong negative pressure to break 0.7100 level and settles below it, which opens the way to achieve more decline in the upcoming sessions, and the expected target is represented by testing 0.6992 level.
Therefore, we believe that the bearish bias will dominate trading for the rest of the day unless the price managed to breach 0.7187 level and hold above it again.
Expected trading range for today is between 0.7080 support and 0.7250
Expected trend for today: Bearish for the rest of the day
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