NZD/USD ---will it hit beyond 0.8000 near term ??

Rising inflationary pressures could improve the odds of a rate hike as early as the Reserve Bank of New Zealand’s next meeting on October 28, especially if the inflation gauge registers a larger than the 0.3% q/q increase in the previous quarter. 

 Her neighbor Autralian Aud  is now heading toward Parity vs the Dollars, lifting Nzd//Usd to the next higher level., As the AUD/USD is limited on the upside, but potential for NZD/USD remains to be a better bet near 0.8000 level








Daily Chart on NZD/USD 

The Chart above indicates  that the a-b-c of the pattern,  And location of C , if extended with the upper trendline, it will be almost  CROSSED near 0.8000. The indicators are bullish near term.