The NZDUSD touches the extended target – Analysis - 20-10-2021

Economies.com
2021-10-20 04:19AM UTC

The NZDUSD pair succeeded to reach 0.7170 and attempts to breach it, to support the expectations of continuing the rise on the longer term basis, on its way to achieve extended gains that reach 0.7250.

 

We should note that failing to confirm breaching 0.7170 will put the price under correctional bearish pressure that its targets begin by visiting 0.7110 areas.

 

The expected trading range for today is between 0.7130 support and 0.7240 resistance

 

The expected trend for today: Bullish

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