The following week will begin quite calmly as a result of lack of publication of vital macro statistics till the tip of the buying and selling day on Monday (for extra particulars in regards to the occasions of the upcoming week, see the Most Essential Financial Occasions of the Week 10/17/2022 – 10/23/2022). On the finish of the buying and selling day on Monday, recent info on inflation in New Zealand can be revealed, particularly, the buyer value index CPI (for the third quarter). For market individuals following the dynamics of the NZD, that is vital info, for the reason that publication of inflation indicators for the biggest economies on this planet has, as a rule, a robust affect on the markets.
Typically, the downward dynamics of NZD/USD prevails, whereas the pair stays within the zone of a long-term bear market – under the important thing resistance ranges of 0.6700, 0.6325. Solely their breakdown will convey the pair again into the zone of a long-term bull market.
Help ranges: 0.5565, 0.5512, 0.5470
Resistance ranges: 0.5640, 0.5680, 0.5810, 0.5827, 0.5910, 0.6065, 0.6210, 0.6325