The NZDUSD price within sideways track – Forecast today – 15-07-2024

news_22_feb_nzd_usd_1The NZDUSD price is confined within sideways track between 0.6070$ support and 0.6140$ resistance, and the price needs to breach this resistance to confirm the continuation of the expected bullish wave on the intraday basis, which targets 0.6228$ areas as a next main station.

Therefore, the bullish trend will remain valid for the upcoming period, noting that breaking 0.6070$ will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 0.6050$ support and 0.6150$ resistance

Trend forecast: Bullish

Origin: Economies

 

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