NZDUSD under the negative pressure – Analysis - 01-03-2017
Economies.com
2017-03-01 05:43AM UTC
The NZDUSD pair begins today’s trading with strong negativity to break 0.7174 level and settles below it, which turns the intraday track to the downside, to extend the bearish correctional wave to 0.7112 then 0.7049 levels in the upcoming period.
Therefore, the bearish bias will be preferred on the intraday basis, pointing that breaching 0.7174 level will stop the current negative pressure and leads the price to regain its main bullish track.
Expected trading range for today is between 0.7049 support and 0.7215
Expected trend for today: Bearish
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