NZD USD attempts positively – Analysis - 06/10/2015

The NZDUSD pair settles above 0.6455 level that was breached yesterday, to keep the positive effect of the double bottom pattern that appears on image valid and active, waiting for more bullish bias in the upcoming period and targeting 0.6705 followed by 0.6860 levels mainly.

In general, the bullish trend will remain suggested as long as the price is above 0.6395, noting that stochastic attempts to get rid of its negativity and gain enough positive momentum to push the price to resume the suggested bullish trend.

Expected trading range for today is between 0.6400 support and 0.6600 resistance.

Expected trend for today: Bullish