NZDUSD breaches the resistance – Analysis - 12-10-2018
Economies.com
2018-10-12 04:12AM UTC
The NZDUSD pair provided more positive trades to breach 0.6500 level and settles above it, to complete forming a minor double bottom pattern that we believe it will push the price to test the bearish channel’s resistance at 0.6645 before resuming the main bearish trend again.
Therefore, the bullish bias will be suggested for today unless breaking 0.6500 level and holding below it again.
Expected trading range for today is betwenen 0.6440 support and 0.6600
Expected trend for today: Bullish
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