NZDUSD around the moving average – Analysis - 24-10-2018
Economies.com
2018-10-24 04:16AM UTC
The NZDUSD pair continues to fluctuate around the EMA50 that forms good support against the price, while stochastic begins to lose the positive momentum gradually, to support the chances of resuming the recently suggested bearish trend scenario, which its first target located at 0.6500.
Breaking the targeted level will push the price towards 0.6400 as a next station, while holding below 0.6615 represents the most important condition to achieve the suggested targets.
Expected trading range for today is betwenen 0.6480 support and 0.6615
Expected trend for today: Bearish
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