The NZDUSD price breaks the support – Forecast today - 11-04-2024
Economies.com
2024-04-11 04:24AM UTC
NZDUSD Price Analysis
Expected Scenario
- The NZDUSD price traded with strong negativity, breaking the 0.6000$ level and settling below it.
- It is expected to fall under continued negative pressure, targeting 0.5915$ as the next negative target.
Expected Outcome
The continuation of the expected decline is supported by moving below the EMA50, valid unless breaching 0.6000$ and holding above it.
Expected Trading Range
Between 0.5920$ support and 0.6025$ resistance.
Trend Forecast: Bearish
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