The NZDUSD price consolidates below the resistance – Forecast today – 05-11-2024

nzd_3_newsThe NZDUSD price bounced bearishly after testing 0.6000$ level in the previous sessions, which supports the expectations of continuing the domination on the bearish trend on the intraday and short-term basis, waiting to visit 0.5915$ as a next main target.

The price needs to get a negative motive that assist to achieve the suggested target, reminding you that the continuation of the bearish trend conditions the price stability below 0.6000$.

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

Trend forecast: Bearish

Origin: Economies

 

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