The NZDUSD price rises calmly – Forecast today - 09-04-2024
Economies.com
2024-04-09 02:25AM UTC
NZDUSD Price Analysis
Expected Scenario
The NZDUSD price shows calm positive trades, gradually approaching the awaited target at 0.6070$. We suggest the continuation of the bullish bias to achieve additional gains surpassing the mentioned level, targeting 0.6140$ on a near-term basis.
Therefore, the bullish trend will likely remain valid, supported by moving above the EMA50. It's important to note that breaking below 0.6000$ may halt the expected rise and push the price lower.
Expected Trading Range
Between the support at 0.5990$ and the resistance at 0.6095$
Trend Forecast: Bullish
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