The NZDUSD price forecast update 04-04-2024
Economies.com
2024-04-04 09:48AM UTC
NZDUSD Price Analysis
Expected Scenario
- The NZDUSD price shows more bullish bias to gradually approach our waited target at 0.6070$.
- Reinforcing the expectations of continuing the bullish trend on the intraday basis.
Expected Outcome
Noting that breaching this level will lead the price to achieve additional gains that reach 0.6140$ areas.
The EMA50 supports the continuation of the suggested bullish wave, which will remain valid unless breaking 0.6000$ and holding below it.
Expected Trading Range
Between 0.5980$ support and 0.6075$ resistance.
Trend Forecast: Bullish
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