The NZDUSD price needs new positive momentum – Forecast today – 02-08-2024

com-l7The NZDUSD price provided positive trades yesterday and approached the waited target at 0.6000$, waiting to gather new positive momentum to assist to push the price to rise again, noting that breaching this level will push the price towards 0.6070$ as a next positive target.

On the other hand, we should note that breaking 0.5915$ will stop the suggested bullish wave and push the price to decline again.

The expected trading range for today is between 0.5900$ support and 0.6000$ resistance

Trend forecast: Bullish

Origin: Economies

 

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