The NZDUSD price keeps its negative stability – Forecast today - 29-03-2024
Economies.com
2024-03-29 01:47AM UTC
NZDUSD Price Analysis
Expected Scenario: Bearish Trend
- The NZDUSD price remains below the $0.6000 level, reinforcing the bearish trend scenario, supported by the negative pressure from the EMA50. The next main target is anticipated at $0.5915.
- It is crucial for the continuation of the expected decline that the price holds below $0.6000. A breach of this level would initiate recovery attempts, targeting the testing of $0.6070 areas initially.
Expected Trading Range for Today
- Support: $0.5920
- Resistance: $0.6010
Trend Forecast: Bearish
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