The NZDUSD price tests the resistance – Forecast today - 17-04-2024

NZDUSD Price Analysis

Expected Scenario

• The NZDUSD price has initiated positive trades at today's open, aiming to test the key resistance at 0.5915$, influenced by RSI positivity.
• To maintain the validity of the bearish trend scenario, the price needs to hold below this level, with the next target located at 0.5840$.
• As of now, the bearish trend scenario remains valid and active as long as the 0.5915$ level remains intact.

Expected Trading Range

Between 0.5850$ support and 0.5950$ resistance.