The NZDUSD price forecast update 08-05-2024

Economies.com
2024-05-08 09:36AM UTC

NZDUSD Price Analysis

Expected Scenario

  • The NZDUSD price presses on the key support 0.5980$ now.
  • Waiting to break it to confirm the continuation of the decline and head towards our expected negative target at 0.5915$.
  • Continuing to suggest the bearish trend for today unless breaching 0.6000$ and holding above it.

Expected Trading Range

Between 0.5935$ support and 0.6030$ resistance.

Trend Forecast: Bearish

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