The NZDUSD attempts to breach – Analysis - 10-12-2019

Economies.com
2019-12-10 05:49AM UTC

The NZDUSD pair continues to fluctuate around 0.6565 level without managing to confirm breaching it until now, noticing that stochastic provides positive overlapping signal now, waiting to motivate the price to achieve the required breach followed by opening the way to head towards 0.6650 that represents our next main target.

 

Therefore, the bullish trend scenario will remain valid for the upcoming period unless breaking 0.6495 and holding below it.

 

The expected trading range for today is between 0.6500 support and 0.6630

 

The expected trend for today: Bullish

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