The NZDUSD price needs the positive momentum – Forecast today – 17-05-2024

news_22_feb_nzd_usd_1Price Analysis for NZDUSD

Expected Scenario
The NZDUSD price shows sideways trades in the previous sessions, as it lacks the required positive momentum to continue the rise, waiting to get positive motive that assist to push the price to breach 0.6140$ and confirm rallying towards 0.6228$ that represents our next target.
Therefore, our bullish overview will remain valid unless breaking 0.6070$ and holding below it.

Expected Trading Range
Between 0.6070$ support and 0.6170$ resistance

Trend Forecast: Bullish

Origin: Economies

 

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