The NZDUSD continues to rise – Analysis 06-10-2023

news_22_feb_nzd_usd_1The NZDUSD pair shows more bullish bias to surpass the EMA50 and settles above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and the way is open to achieve our waited target at 0.6020.

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid unless breaking 0.5900 and holding below it.

The expected trading range for today is between 0.5930 support and 0.6020 resistance

The expected trend for today: Bullish

Origin: Economies

 

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