The NZDUSD price hits the first target – Forecast today – 07-08-2024

com-l7The NZDUSD price opened today’s trading with strong rise to succeed achieving our waited target at 0.6000$, and attempts to breach it to hint heading to achieve more gains in the upcoming sessions, targeting visiting 0.6070$ as a next positive station.

Therefore, the bullish trend will remain suggested on the intraday basis, noting that the consolidation of 0.6000$ against the current bullish rally will put the price under negative pressure that its targets begin by testing 0.5915$ areas.

The expected trading range for today is between 0.5960$ support and 0.6060$ resistance

Trend forecast: Bullish

Origin: Economies

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