The NZDUSD gets a positive motive – Analysis 18-10-2023

nzd_usd_forex_The NZDUSD pair faced negative pressure yesterday and attempted to break 0.5900 level, but it begins today positively to trade above this level, which keeps the bullish trend scenario active for the upcoming period, reminding you that our waited target is located at 0.6020.

Note that confirming breaking 0.5900 will push the price to turn to decline and head towards 0.5830 initially.

The expected trading range for today is between 0.5870 support and 0.5960 resistance

The expected trend for today: Bullish

Origin: Economies

 

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