The NZDUSD price keeps fluctuating around the support – Forecast today – 16-08-2024

news_22_feb_nzd_usd_1The NZDUSD price hovers around 0.6000$ level, and showed new attempts to break it yesterday, noticing that the RSI shows positive signals that we are waiting to motivate the price to resume the rise on the intraday basis, which targets testing 0.6070$ mainly.

Holding above 0.6000$ is important to the continuation of the expected rise, as breaking it will force the price to decline to head towards visiting 0.5915$ areas on the near-term basis.

The expected trading range for today is between 0.5960$ support and 0.6070$ resistance

Trend forecast: Neutral

Origin: Economies

 

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