The NZDUSD price hits the target – Forecast today – 16-05-2024

news_22_feb_nzd_usd_2NZDUSD Price Analysis

Expected Scenario
The NZDUSD price breached 0.6070$ level strongly to succeed achieving our waited target at 0.6140$, and we believe that the way is open to continue the rise and breach this level to head towards 0.6228$ as a next positive station.
Therefore, the positive scenario will remain active for the upcoming period, noting that breaking 0.6070$ will stop the suggested rise and push the price to turn to decline.

Expected Trading Range
Between 0.6080$ support and 0.6180$ resistance

Trend Forecast: Bullish

Origin: Economies

 

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