NZDUSD rallies upwards – Analysis - 16-10-2018

Economies.com
2018-10-16 04:21AM UTC

The NZDUSD pair rallied upwards strongly yesterday to approach 0.6600 barrier, reinforcing the expectations of continuing the bullish trend on the intraday basis, which targets testing 0.6640 before turning back to resume the main bearish trend again.

 

Therefore, we will continue to suggest the bullish bias for today unless breaking 0.6500 level and holding with a daily close below it.

 

Expected trading range for today is betwenen 0.6500 support and 0.6640

 

Expected trend for today: Bullish

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