NZDUSD keeps its negative stability – Analysis - 05-10-2017
Economies.com
2017-10-05 03:35AM UTC
The NZDUSD pair crawls downwards gradually after testing 0.7187 yesterday, to keep the negative pressure valid in the upcoming period, waiting to test 61.8% Fibonacci correction level located at 0.7100.
We remind you that breaking the targeted level will extend the bearish wave to reach 0.6992 as a next main station, while holding below 0.7275 represents key condition to continue the expected decline.
Expected trading range for today is between 0.7050 support and 0.7210
Expected trend for today: Bearish
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