The NZDUSD price resumes the decline – Forecast today – 22-03-2024

news_22_feb_nzd_usd_1The NZDUSD price couldn’t manage to hold for long time above 0.6070$, to rebound bearishly and break it to settle below it again, to fall under the negative pressure in the upcoming sessions, targeting visiting 0.6000$ initially.

Therefore, the bearish bias will be suggested for today, noting that breaching 0.6070$ followed by 0.6095$ levels will stop the expected decline and lead the price to start new recovery attempts.

The expected trading range for today is between 0.5990$ support and 0.6090$ resistance

Trend forecast: Bearish

Origin: Economies

 

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