NZD/USD Outlook (26 October 2022)
Very similar to the AUDUSD, the NZDUSD is currently trading higher due to the weakness in the DXY. However, with no major news in the horizon for the NZD, the price movement is likely to be driven by the DXY and the AUDUSD.
As the price is trading higher along the upward trend line and approaching the 0.5811 resistance level, look for a potential break out to the upside.
If the price breaks above 0.5811, the next key resistance level is at 0.60
As the price is trading higher along the upward trend line and approaching the 0.5811 resistance level, look for a potential break out to the upside.
If the price breaks above 0.5811, the next key resistance level is at 0.60
