The NZDUSD price breaks the support – Forecast today – 04-10-2024

news_22_feb_nzd_usd_1The NZDUSD price managed to break 0.6228$ level and closed the daily candlestick below it, reinforcing the expectations of continuing the domination of the bearish trend in the upcoming sessions, waiting to visit 0.6140$ mainly.

Moving below the EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 0.6275$.

The expected trading range for today is between 0.6150$ support and 0.6250$ resistance

Trend forecast: Bearish

Origin: Economies

 

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