The NZDUSD approaches the resistance – Analysis - 14-08-2019
Economies.com
2019-08-14 05:12AM UTC
The NZDUSD pair fluctuates with calm positivity to move near 0.6480 level, while stochastic loses its positive momentum to reach the overbought areas, to provide negative motive that we are waiting to push the price to decline again, to keep the bearish trend scenario suggested for the upcoming period.
Our first target is located at 0.6377, while holding below 0.6480 represents key condition to continue the expected decline.
The expected trading range for today is betwenen 0.6400 support and 0.6500
The expected trend for today: Bearish
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