The NZDUSD crawls downwards – Analysis - 19-08-2019

Economies.com
2019-08-19 05:16AM UTC

The NZDUSD pair shows calm bearish bias to approach 0.6400 barrier, and continues to move inside the intraday bearish channel, while the EMA50 forms continuous negative pressure against the price.

 

Therefore, our bearish overview will remain valid and active unless breaching 0.6480 level and holding above it.

 

The expected trading range for today is betwenen 0.6350 support and 0.6460

 

The expected trend for today: Bearish

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