The NZDUSD price resumes the decline – Forecast today – 06-11-2024

nzd_2_newsThe NZDUSD price resumed its negative trading strongly after the attempt to breach 0.6000$ yesterday, to approach our first waited target at 0.5915$, and the way seems open to break this level to achieve additional negative targets that reach 0.5850$.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.6000$ and hold above it.

The expected trading range for today is between 0.5860$ support and 0.5990$ resistance

Trend forecast: Bearish

Origin: Economies

 

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