NZDUSD continues to rise – Analysis - 17-10-2018

The NZDUSD pair crawls upwards calmly to gradually approach our waited target at 0.6635, noting that stochastic current negativity interprets the reasons of the bullish wave slowness.

Holding above 0.6500 keeps the bullish bias suggested on the intraday basis, noting that the expected rise is important unless breaching the mentioned target and opening the way to extend the bullish wave on the short term basis.

Expected trading range for today is betwenen 0.6530 support and 0.6640

Expected trend for today: Bullish