The NZDUSD price is recovering – Forecast today – 13-09-2024

nzd_2_newsThe NZDUSD price rallied upwards clearly to breach 0.6165$ level and settles above it, to stop the negative effect of the double top pattern and head towards achieving expected gains in the upcoming sessions, targeting testing 0.6228$ initially, noting that breaching this level will lead the price to achieve more positive targets on the longer-term basis.

Therefore, the bullish bias will be suggested for today, noting that breaking 0.6140$ will stop the positive scenario and push the price to decline again.

The expected trading range for today is between 0.6130$ support and 0.6230$ resistance

Trend forecast: Bullish

Origin: Economies

 

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