NZDUSD Analysis(Expectation) on Oct 25 2022

We can expect NZDUSD to go higher.
Here's the reason why we believe that's the case.


Chart Analysis

Last Friday(Oct 21), it took out the stops below 0.565 and then rapidly reversed.
Then, it went higher than the recent high.
4 HR chart


In the 1 hour chart, you can see the MAs(SMA9, SMA25) ready to meet and possibly cross over.
1 HR chart
https://www.tradingview.com/x/oWRDhgeu/
It seems to be supported at the 0.618 retracement level.

Seasonal Tendency
Stocks tend to go higher.
So we expect RiskOn (weaker USD)