NZDUSD faces the moving average – Analysis - 07-12-2018

Economies.com
2018-12-07 04:44AM UTC

The NZDUSD pair finds difficulty to surpass the EMA50 until now, waiting to get negative motive that supports the chances of resuming the bearish bias that targets 0.6795 level mainly.

 

Until now, the bearish trend scenario still active for the upcoming period conditioned by the price stability below 0.6910, as breaching this level will lead the price to resume the correctional bullish trend that its next target located at 0.7024.

 

Expected trading range for today is betwenen 0.6800 support and 0.6940

 

Expected trend for today: Bearish

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