The NZDUSD price hits the target – Forecast today – 08-07-2024

nzd_newsThe NZDUSD Price Analysis

Expected Scenario
The NZDUSD price managed to touch our waited target at 0.6140$, and begins today with additional bullish bias to attempt to breach this level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, reminding you that our next target reaches 0.6228$.
Moving above the EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 0.6140$.

Expected Trading Range
The expected trading range for today is between 0.6100$ support and 0.6200$ resistance.

Trend Forecast: Bullish

Origin: Economies

 

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