The NZDUSD approaches the first target – Analysis - 21-10-2019
Economies.com
2019-10-21 04:53AM UTC
The NZDUSD pair shows more bullish bias to approach our first waited target at 0.6426, which represents 38.2% Fibonacci correction level for the decline measured from 0.6787 to 0.6204.
The EMA50 supports the price from below, and we expect breaching the mentioned target to head towards 0.6495 as a next positive station, reminding you that it is important to hold above 0.6340 to continue the expected rise.
The expected trading range for today is between 0.6350 support and 0.6470
The expected trend for today: Bullish
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