NZD USD settles below the resistance – Analysis - 02/10/2015
Economies.com
2015-10-02 04:45AM UTC
The NZDUSD pair managed to close yesterday’s trading below 0.6395 level, which supports the continuation of the main negative scenario, and the price needs a negative motive that reinforces the expectations of more decline in the upcoming period, which its first main target located at 0.6160.
Note that breaching 0.6395 followed by 0.6455 levels will stop the suggested bearish trend and push the price to turn its short term trend to the upside.
Expected trading range for today is between 0.6270 support and 0.6455 resistance.
Expected trend for today: Bearish
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