The NZDUSD is recovering – Analysis - 14-10-2021

2021-10-14 04:30:06 GMT (Economies.com)
 

The NZDUSD pair trades with clear positivity since yesterday, starting today with additional rise to approach 0.6990 level, which hints heading to turn to rise, especially with the formation of double bottom pattern that its signs appear on the chart, which will be completed by breaching the mentioned level.

 

Therefore, we expect to witness more rise in the upcoming sessions, which targets visiting 0.7080 areas mainly, noting that failing to achieve the required breach will press on the price to resume the bearish track again.

 

The expected trading range for today is between 0.6945 support and 0.7050 resistance

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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