NZDUSD awaits the break – Analysis - 08-11-2017
Economies.com
2017-11-08 04:19AM UTC
The NZDUSD pair settles at the support line of the bearish flag pattern that appears on chart, located now at 0.6885, waiting to break this level to activate the negative effect of the mentioned pattern followed by rallying towards our negative targets that start at 0.6818 and extend to reach 0.6618 after breaking the previous level.
In general, we expect the continuation of the bearish trend domination on the intraday and short term basis unless breaking 0.6992 level and holding above it.
Expected trading range for today is between 0.6800 support and 0.6992
Expected trend for today: Bearish
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