Forex

The NZDUSD continues to rise – Analysis - 26-10-2020

2020-10-26 03:53:45 GMT (Economies.com)

The NZDUSD pair continues the calm rise and settles near 0.6700 barrier, and stochastic begins to get rid of its negative momentum, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next target located at 0.6788.

 

Therefore, our bullish overview will remain valid and active, noting that failing to surpass 0.6705 will stop the suggested rise and press on the price to turn to decline.

 

The expected trading range for today is between 0.6640 support and 0.6760

 

The expected trend for today: Bullish

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