Midday update for the NZDUSD 21-05-2019
Economies.com
2019-05-21 09:22AM UTC
The NZDUSD pair trades with clear negativity since morning after testing the bearish channel’s resistance, to keep the bearish trend valid efficiently in the upcoming sessions, supported by the EMA50, waiting to visit 0.6425 level as a next main station, while holding below 0.6580 represents key condition to achieve the waited targets.
The expected trading range for today is betwenen 0.6460 support and 0.6560
The expected trend for today: Bearish
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