The NZDUSD price tests the resistance – Forecast today - 12-04-2024
Economies.com
2024-04-12 03:34AM UTC
NZDUSD Price Analysis
Expected Scenario
- NZDUSD price trades positively and attempts to surpass 0.6000$ level.
- Dependence on stability of daily close below this level to suggest bearish trend continuation.
- Next target is located at 0.5915$.
- EMA50 acts as resistance to support the negative scenario.
The expected trading range for today is between 0.5945$ support and 0.6040$ resistance.
Trend Forecast
Bearish
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