The NZDUSD price needs new negative motive – Forecast today – 05-09-2024

usd-nzdThe NZDUSD price provided temporary positive trades to approach the key resistance 0.6228$, waiting to resume the expected bearish wave for the upcoming period, which targets 0.6140$ as a next main station.

In general, we will continue to suggest the bearish trend on the intraday basis unless breaching 0.6228$ and holding with a daily close above it.

The expected trading range for today is between 0.6140$ support and 0.6240$ resistance

Trend forecast: Bearish

Origin: Economies

 

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