The NZDUSD awaits more rise – Analysis 09-10-2023

nzd_usd_forex_2The NZDUSD pair continues to rise to approach our waited target at 0.6020, getting positive support by the EMA50 to reinforce the chances of surpassing the mentioned level and achieve gains that reach 0.6095 as a next positive station.

Therefore, the bullish trend scenario will remain suggested in the upcoming sessions, noting that breaking 0.5900 will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 0.5940 support and 0.6040 resistance

The expected trend for today: Bullish

Origin: Economies

 

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