NZDUSD begins to decline – Analysis - 23-10-2018
Economies.com
2018-10-23 04:12AM UTC
The NZDUSD pair traded with clear negativity yesterday to start testing the EMA50 that forms minor support at 0.6540, waiting to surpass this level to confirm continuing the bearish bias on the intraday and short term basis, as our next targets located at 0.6500 followed by 0.6400.
We should note that the continuation of the expected bearish trend depends on the price stability below 0.6615.
Expected trading range for today is betwenen 0.6460 support and 0.6600
Expected trend for today: Bearish
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