The NZDUSD resumes the rise – Analysis - 25-10-2021

Economies.com
2021-10-25 04:26AM UTC

The NZDUSD pair opens today with bullish bias to move away from 0.7145 level, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, which targets 0.7215 followed by 0.7300 levels mainly.

 

The EMA50 continues to support the suggested bullish wave, which will remain valid and active unless breaking 0.7145 and holding below it.

 

The expected trading range for today is between 0.7130 support and 0.7220 resistance

 

The expected trend for today: Bullish

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