The NZDUSD price keeps rising – Forecast today – 05-02-2025

nzd_usd_forex_The NZDUSD price shows more bullish bias, and it needs to get additional positive momentum that assist to push the price to reach our waited target at 0.5738$.

Until now, we will continue to suggest the bullish trend on the intraday basis, noting that it is important to hold above 0.5620$ to continue the expected rise, as breaking it will put the price under negative pressure that push it to test 0.5540$ areas as a first negative station.

The expected trading range for today is between 0.5620$ support and 0.5720$ resistance

Trend forecast: Bullish

Origin: Economies

 

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