NZDUSD keeps its negative stability – Analysis - 24-10-2017
Economies.com
2017-10-24 03:37AM UTC
The NZDUSD pair showed new test to 0.6992 level by today's opening and bounced downwards quickly from there, to keep the bearish trend scenario valid efficiently in the upcoming period, supported by the negative pressure provided by the EMA50, and the way is open to visit 0.6817 level that represents our next main target.
In general, we will continue to suggest the bearish trend for today unless breaching 0.6992 level and holding with a daily close above it.
Expected trading range for today is between 0.6850 support and 0.7020
Expected trend for today: Bearish
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