The NZDUSD price resumes the rise – Forecast today – 01-07-2024

news_22_feb_nzd_usd_1NZDUSD Price Analysis

Expected Scenario
The NZDUSD price returned to rise after testing the 0.6070$ level in previous sessions, aiming to achieve expected gains in the upcoming sessions, with an initial target at 0.6140$. Breaching this level will push the price towards 0.6228$ as the next main station.
Breaking above 0.6110$ will reinforce the positive outlook, which remains valid unless the price breaks below 0.6070$ and holds below it.

Expected Trading Range
Between 0.6060$ support and 0.6160$ resistance.

Trend Forecast: Bullish

Origin: Economies

 

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