NZDUSD gets the positive momentum – Analysis - 18-10-2018

Economies.com
2018-10-18 04:36AM UTC

The NZDUSD pair provided slight negative trading yesterday to settle around 0.6550 level now, noticing that stochastic shows clear oversold signals now, while the EMA50 continues to carry the price from below.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions, which targets testing 0.6635 level mainly, reminding you that the continuation of the expected rise depends on the price stability above 0.6500.

 

Expected trading range for today is betwenen 0.6500 support and 0.6635

 

Expected trend for today: Bullish

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