The NZDUSD price forecast update 12-04-2024

Economies.com
2024-04-12 10:57AM UTC

NZD/USD Price Analysis

Expected Scenario

  • The NZD/USD price rebounds bearishly after testing 0.6000$ level in the previous sessions, to support the continuation of the expected negative scenario for today, which depends on the price stability below the mentioned level, and we believe that the way is open to achieve our waited target at 0.5915$, noting that breaking this level will extend the bearish wave to reach 0.5850$ as a next negative station.

Expected Trading Range

Between 0.5945$ support and 0.6040$ resistance.

Trend Forecast: Bearish

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