The NZDUSD price tests the resistance – Forecast today – 31-10-2024

nzd_1_newsThe NZDUSD price tested 0.6000$ level and bounced bearishly from there, to continue suggesting the bearish trend on the intraday and short-term basis, waiting to visit 0.5915$ as a next main target.

The price needs to break 0.5955$ to ease the mission of achieving the suggested target, noting that breaching 0.6000$ will stop the bearish wave and lead the price to start recovery attempts on the intraday basis.

The expected trading range for today is between 0.5920$ support and 0.6010$ resistance

Trend forecast: Bearish

Origin: Economies

 

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