NZDUSD faces solid support – Forecast – 15/08/2017

news_22_feb_nzd_usd_1The NZDUSD pair made initial test to 0.7825 support without managing to break it, to fluctuate around the bearish channel’s resistance that appears on chart and keeps its stability below it, waiting to break the mentioned support to confirm extending the bearish wave towards 0.7200.

In general, we will continue to suggest the bearish trend in the upcoming sessions unless the price managed to breach 0.7338 level and hold above it, reminding you that breaching this level will lead the price to achieve gains that reach to 0.7475 mainly.

Expected trading range for today is between 0.7200 support and 0.7380

Expected trend for today: Bearish

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Origin: Economies

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