The NZDUSD price within sideways track – Forecast today – 05-08-2024

nzd_3_newsThe NZDUSD price fluctuates within sideways track in the previous sessions, settling around 0.5950$ level, waiting to get positive motive that assist to push the price to rise and test 0.6000$ level that represents the next target, reminding you that breaching it will extend the bullish wave to reach 0.6070$.

Therefore, the positive scenario will remain valid and active unless breaking 0.5915$ and holding below it.

The expected trading range for today is between 0.5910$ support and 0.6010$ resistance

Trend forecast: Bullish

Origin: Economies

 

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