NZDUSD around the resistance – Analysis - 24-09-2018
Economies.com
2018-09-24 04:25AM UTC
The NZDUSD pair settles near the main bearish channel’s resistance, noticing that stochastic gets rid of its negativity to reach the thresholds of the oversold areas, while the EMA50 provides the positive support to the price.
Therefore, we believe that the chances are valid to continue the bullish trend in the upcoming sessions, noting that breaching 0.6715 will confirm rallying towards 0.6800 direct, while the expected rise will remain valid unless breaking 0.6600 level and holding below it.
Expected trading range for today is betwenen 0.6600 support and 0.6770
Expected trend for today: Bullish
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