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The NZDUSD shows mixed trades – Analysis - 21-10-2022
The NZDUSD pair returned to rise and surpass 0.5665 level, to approach 0.5760 level, but it declines to settle around the first level again, which makes us stay aside until the price confirms its situation according to this level, waiting to get clearer signal for the next trend.
Note that the consolidation above 0.5665 will push the price to achieve new bullish correction that its targets begin by testing 0.5760 level again, while breaking it will push the price to resume the main bearish trend that its targets begin at 0.5590 and extend to 0.5510.
The expected trading range for today is between 0.5600 support and 0.5730 resistance
The expected trend for today: Neutral
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