The NZDUSD price places higher lows – Forecast today – 02-05-2024

news_22_feb_nzd_usd_2NZDUSD Price Analysis

Expected Scenario
The NZDUSD price ended yesterday positively to settle above 0.5915$ level, noticing that the price recorded higher lows as appears on the chart, to head towards building expected bullish wave on the intraday basis, targeting visiting 0.6000$ mainly.
We expect to witness more rise in the upcoming sessions unless breaking 0.5915$ and holding below it again.

Expected Trading Range
Between the support at 0.5890$ and the resistance at 0.5990$.

Trend Forecast: Bullish

Origin: Economies

 

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