The NZDUSD price completes positive pattern – Forecast today – 21-10-2024

nzd_newsThe NZDUSD price surpassed 0.6070$ level, and by taking a deeper look at the chart, we find that the price completed forming falling wedge pattern that supports the chances to turn to rise in the upcoming sessions, to head towards building bullish wave that its targets begin by testing 0.6140$ level.

Therefore, the bullish bias will be suggested for today, noting that breaking 0.6070$ will stop the expected rise and push the price to decline again.

The expected trading range for today is between 0.6040$ support and 0.6140$ resistance

Trend forecast: Bullish

Origin: Economies

 

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