The NZDUSD surpasses the resistance – Analysis - 22-10-2020

Economies.com
2020-10-22 03:55AM UTC

The NZDUSD pair breached 0.6625 level clearly and settled above it, to turn the intraday track upwards, on its way to visit 0.6705 followed by 0.6788 levels as main positive targets.

 

Stochastic shows clear negative signals that might press on the price to achieve temporary decline before resuming the expected rise, noting that the suggested bullish trend will remain valid unless breaking 0.6580 level and holding below it.

 

The expected trading range for today is between 0.6580 support and 0.6720

 

The expected trend for today: Bullish

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