The NZDUSD attacks the support – Analysis - 26-08-2019
Economies.com
2019-08-26 05:14AM UTC
The NZDUSD pair provided strong negative trades by today’s opening to attempt to break 0.6377 level, and resumes its negative attempts now to move below the mentioned level, which supports the expectations of continuing the bearish trend on the intraday and short term basis, supported by the negative pressure formed by the EMA50, waiting to visit 0.6300 as a next target.
Therefore, we are waiting for more decline in the upcoming sessions conditioned by the price stability below 0.6415.
The expected trading range for today is between 0.6300 support and 0.6420
The expected trend for today: Bearish
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