The NZDUSD loses momentum – Analysis - 16-08-2019
Economies.com
2019-08-16 05:01AM UTC
The NZDUSD pair continues to fluctuate inside the bearish channel that appears on the chart, while stochastic loses its positive momentum gradually and approaches providing negative overlapping signal, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which gets continuous support by the EMA50, as our next target is located at 0.6377.
Therefore, the bearish bias will remain suggested conditioned by the price stability below 0.6480.
The expected trading range for today is betwenen 0.6380 support and 0.6480
The expected trend for today: Bearish
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