Midday update for NZDUSD 26-10-2017
Economies.com
2017-10-26 10:04AM UTC
The NZDUSD pair crawls gradually downwards on its way to visit our next waited target at 0.6817, while stochastic prepares to provide negative overlapping signal on the four hours' time frame.
Therefore, the bearish bias will remain suggested for the rest of the day conditioned by holding below 0.6992, noting that breaking the targeted level will extend the bearish wave on the short term and medium term basis.
Expected trading range for today is between 0.6800 support and 0.6950
Expected trend for today: Bearish
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