NZDUSD touches the target – Analysis - 06-10-2017
Economies.com
2017-10-06 03:44AM UTC
The NZDUSD pair succeeded to reach our main waited target at 0.7100 and settles there, noticing that the price begins today with bearish bias to hint heading to break the mentioned level followed by rallying towards the extended target at 0.6992.
Therefore, we suggest the continuation of the bearish trend domination in the upcoming sessions supported by the EMA50, taking into consideration that breaching 0.7187 followed by 0.7275 levels will stop the expected decline and lead the price to regain its main bullish track again.
Expected trading range for today is between 0.7000 support and 0.7187
Expected trend for today: Bearish
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