The NZDUSD approaches the target – Analysis - 13-12-2019

The NZDUSD pair opened today’s trading with strong rise to approach our waited target at 0.6650, reinforcing the expectations of continuing the bullish trend, affected by the previously completed inverted head and shoulders’ pattern, being aware that we need to monitor the price when reaching the mentioned level, as breaching it will open the way to extend the bullish wave towards 0.6787.

Until now, we suggest the continuation of the bullish bias for the upcoming period unless breaking 0.6565 level and holding below it.

The expected trading range for today is between 0.6565 support and 0.6670

The expected trend for today: Bullish