The NZDUSD price continues to decline – Forecast today - 02-04-2024
Economies.com
2024-04-02 01:42AM UTC
Market Analysis for NZDUSD Price
- The NZDUSD price shows more decline to gradually approach our waited target at 0.5915$, with the potential to surpass this level and achieve additional negative targets on the longer-term basis.
- The EMA50 keeps supporting the suggested bearish wave, which will remain valid unless the price rallies to breach 0.6000$ and hold above it.
Trading Range Forecast
The expected trading range for today is between 0.5890$ support and 0.5990$ resistance.
Trend forecast: Bearish
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