NZDUSD completes positive pattern – Analysis - 13-10-2017

The NZDUSD pair completed forming falling wedge pattern that appears on the above chart, to get positive motive that stops the correctional bearish pressure that dominated the recent trades and push the price back to the main bullish track.

Therefore, we expect witnessing more rise in the upcoming sessions, and the targets begin at 0.7187 followed by 0.7275, taking into consideration that breaking 0.7100 will stop the expected bullish trend and push the price to decline again.

Expected trading range for today is between 0.7060 support and 0.7250

Expected trend for today: Bullish