The NZDUSD price approaches the target – Forecast today - 15-04-2024
Economies.com
2024-04-15 04:05AM UTC
NZDUSD Price Analysis
Bearish Bias Continues
The NZDUSD price shows more bearish bias, approaching our awaited target at $0.5915.
We suggest the continuation of the decline to surpass this level and achieve additional negative targets that reach $0.5840 as the next main station.
Expected Scenarios
- The bearish bias will remain valid for the upcoming period, supported by the EMA50.
- It is important to hold below $0.6000 to achieve the awaited targets.
Trading Range
The expected trading range for today is between support at $0.5885 and resistance at $0.5990.
Trend forecast: Bearish
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