NZDUSD tests the moving average – Analysis - 19-10-2018
Economies.com
2018-10-19 04:02AM UTC
The NZDUSD pair leaned on the EMA50 and rebounds bullishly now, which keeps the bullish trend scenario active on the intraday basis, which targets testing 0.6625 level mainly.
Note that the chances will be valid to rebound bearishly and resume the main bearish trend after touching the mentioned target, while breaking 0.6500 represents negative factor that will stop the expected rise and push the price back to its main bearish track.
Expected trading range for today is betwenen 0.6500 support and 0.6635
Expected trend for today: Bullish
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