Forex

The NZDUSD needs strong negative motive – Analysis - 16-09-2021

2021-09-16 04:29:53 GMT (Economies.com)

The NZDUSD pair provided positive trades yesterday to test 0.7140, starting to decline now, motivated by the negative signals provided by stochastic, waiting to break 0.7084 to open the way to achieve more bearish correction that targets 0.7030 followed by 0.6990.

 

In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.7170 and holding with a daily close above it.

 

The expected trading range for today is between 0.7040 support and 0.7140 resistance

 

The expected trend for today: Bearish

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