The NZDUSD price hovers around the support – Forecast today - 26-03-2024
Economies.com
2024-03-26 02:16AM UTC
NZDUSD Price Analysis
- The NZDUSD price fluctuates around the 0.6000$ level.
- Waiting for a resumption of the expected bearish trend on the intraday basis, with the next target at 0.5915$.
- EMA50 applies negative pressure to support the continuation of the bearish wave.
- Failing to confirm breaking 0.6000$ may lead to a price recovery towards 0.6070$ areas before any new decline attempt.
Support and Resistance Levels:
- Support: 0.5930$
- Resistance: 0.6040$
Trend Forecast: Bearish
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