The NZD/USD price crawls downwards – Forecast today – 21/06/2024

news_22_feb_nzd_usd_1Expected Scenario

The NZDUSD price trades with calm negativity since yesterday to move away from the 0.6140$ level, reinforcing the expectations of continuing the bearish trend. It is waiting to visit 0.6070$ as the next main target, supported by the negative pressure formed by the EMA50. Note that the continuation of the bearish wave conditions holding below 0.6140$.

Expected Trading Range

Between 0.6060$ support and 0.6260$ resistance.

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