The NZDUSD price hits the target – Forecast today – 19-08-2024

nzd_usd_forex_2The NZDUSD price succeeded to achieve our waited target at 0.6070$, starting today with additional rise to breach this level and attempt to hold above it, to pave the way to achieve additional positive targets that reach 0.6140$.

Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that failing to consolidate above 0.6070$ will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 0.6035$ support and 0.6140$ resistance

Trend forecast: Bullish

Origin: Economies

 

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