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NZDUSD tests the moving average – Analysis - 30-03-2018
The NZDUSD pair tested the EMA50 yesterday, accompanied by stochastic reach to the overbought areas, waiting to rebound bearishly to resume the expected bearish trend on the intraday and short term basis, reminding you that breaking 0.7185 is required to open the way to head towards 0.7107 as a next station.
Therefore, we will continue to suggest the bearish trend unless breaching 0.7281 level and holding above it.
Expected trading range for today is between 0.7140 support and 0.7281
Expected trend for today: Bearish
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AUDUSD loses momentum – Analysis - 30-03-2018
The AUDUSD pair fluctuates within tight track affected by the financial markets’ holidays, noticing that stochastic lost its bullish momentum to move at the overbought areas, while the EMA50 forms negative pressure on the price.
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