The NZDUSD price continues to rise – Forecast today – 20-08-2024

nzd_usd_forex_1The NZDUSD price shows more bullish bias to approach our waited target at 0.6140$, and the way seems open to surpass this level to achieve additional gains that extend to 0.6228$.

Therefore, the bullish trend will remain suggested on the intraday and short-term basis, noting that breaking 0.6070$ will stop the expected rise and put the price under negative pressure that targets 0.6000$ areas mainly.

The expected trading range for today is between 0.6060$ support and 0.6160$ resistance

Trend forecast: Bullish

Origin: Economies

 

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