NZDUSD tests the resistance again – Forecast – 30/08/2017

nzd_newsThe NZDUSD pair returns to test the first key resistance 0.7275, which urges caution from the upcoming trading, as breaching this level followed by breaching 0.7319 will push the price to return to the main bullish trend again and stop the correctional bearish pressure.

In general, the bearish trend scenario will remain active unless breaching the above mentioned resistance levels, reminding you that our waited targets begin at 0.7187 and extend to 0.7100.

Expected trading range for today is between 0.7150 support and 0.7329

Expected trend for today: Bearish

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Origin: Economies

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