The NZDUSD price continues to decline – Forecast today – 04-09-2024

com-l7The NZDUSD price shows more bearish bias to support the expectations of continuing the bearish trend, and we believe that the way is open to achieve our main waited target at 0.6140$.

The RSI positivity might cause some temporary sideways fluctuation before resuming the negative trades, noting that breaching 0.6228$ will stop the expected decline and lead the price to return to the bullish track again.

The expected trading range for today is between 0.6120$ support and 0.6220$ resistance

Trend forecast: Bullish

Origin: Economies

 

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