The NZDUSD price presses on the support – Forecast today - 27-03-2024
Economies.com
2024-03-27 02:36AM UTC
NZDUSD Price Analysis
- The NZDUSD price begins to press on the key support at 0.6000$.
- Breaking this level may confirm the continuation of the bearish trend and target 0.5915$.
- We continue to suggest the bearish trend for the upcoming period, supported by the negative pressure from the EMA50.
- Consolidation of the current support against negative pressure may lead to intraday gains and a test of the 0.6070$ level before any new negative attempt.
The expected trading range for today is between 0.5930$ support and 0.6040$ resistance.
Trend forecast: Bearish
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