The NZDUSD price crawls downwards – Forecast today – 16-12-2024

nzd_newsThe NZDUSD price shows calm negative trades, waiting to get negative motive that assist to push the price to continue the decline and test 0.5740$ that represents our next target, reminding you that breaking it will push the price towards 0.5670$ as a next negative station.

In general, the bearish trend will remain valid for the upcoming period unless breaching 0.5850$ and holding above it.

The expected trading range for today is between 0.5720 support and 0.5810$ resistance

Trend forecast: Bearish

Origin: Economies

 

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