NZDUSD Price Analysis
Expected Scenario
The NZDUSD price continues to fluctuate between the 0.6070$ support and the 0.6140$ resistance. Therefore, our neutrality will remain valid until the price manages to breach one of these levels to determine the next destination clearly.
Breaking the resistance will likely lead the price to achieve additional gains up to 0.6228$, while breaking the support will signal a turn to decline and a potential visit to 0.6000$ initially.
Expected Trading Range
Between the support at 0.6060$ and the resistance at 0.6160$.
Trend Forecast: Neutral
Origin: Economies
