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The NZDUSD price loses momentum – Forecast today - 30-04-2024
NZDUSD Price Analysis
The NZDUSD price started today negatively after losing positive momentum, heading towards testing 0.5915$ mainly. This suggests a bearish bias in the upcoming sessions, with a potential break of the mentioned level extending the bearish wave to reach 0.5850 followed by 0.5775$ areas as the next main stations.
However, it's important to note that breaching 0.6000$ will halt the current negative pressure and lead the price to start new recovery attempts.
Expected Trading Range
- Support: 0.5890$
- Resistance: 0.5990$
Trend Forecast
Bearish
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