The NZDUSD price tests the resistance – Forecast today - 17-04-2024
Economies.com
2024-04-17 03:38AM UTC
NZDUSD Price Analysis
Expected Scenario
- The NZDUSD price has initiated positive trades at today's open, aiming to test the key resistance at 0.5915$, influenced by RSI positivity.
- To maintain the validity of the bearish trend scenario, the price needs to hold below this level, with the next target located at 0.5840$.
- As of now, the bearish trend scenario remains valid and active as long as the 0.5915$ level remains intact.
Expected Trading Range
Between 0.5850$ support and 0.5950$ resistance.
Trend Forecast: Bearish
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