The NZDUSD price achieves strong gains – Forecast today – 25-09-2024

nzd_2_newsThe NZDUSD price rallied upwards strongly yesterday to surpass our first target at 0.6300$ and approaches the second expected target at 0.6368$, and we expect the continuation of the bullish trend to surpass the last level and achieve additional gains that extend to 0.6450$.

The RSI negativity might cause some temporary sideways fluctuation before resuming the expected bullish trend, noting that breaking 0.6300$ might put the price under temporary negative pressure to head towards testing 0.6228$ areas before any new attempt to rise.

The expected trading range for today is between 0.6290$ support and 0.6390$ resistance

Trend forecast: Bullish

Origin: Economies

 

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