The NZDUSD price surpasses the target – Forecast today - 16-04-2024
Economies.com
2024-04-16 04:01AM UTC
NZDUSD Price Analysis
Expected Scenario
- The NZDUSD price broke 0.5915$ level strongly and ended yesterday below it, starting today with more decline to approach our new waited target at 0.5840$, noting that we suggest the continuation of the decline to visit the previously recorded low at 0.5772$ as a next negative station.
- Therefore, the bearish trend will remain dominant in the upcoming sessions conditioned by the price stability below $0.5915.
Expected Outcome
The expected trading range for today is between 0.5810$ support and 0.5910$ resistance.
Trend Forecast: Bearish
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