The NZDUSD price crawls downwards – Forecast today – 27-08-2024

nzd_usd_forex_1The NZDUSD price fluctuates with slight negativity, waiting for more decline to test 0.6140$ before turning back to rise again, as it is affected by the RSI negativity.

On the other hand, we should note that breaching 0.6228$ will stop the expected decline and push the price to rise again, to start achieving positive targets that reach 0.6300$ initially.

The expected trading range for today is between 0.6160$ support and 0.6265$ resistance

Trend forecast: Bearish

Origin: Economies

 

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