The NZDUSD price needs negative motive – Forecast today – 18-11-2024

nzd_newsThe NZDUSD price fluctuates within sideways track, settling around 0.5865$, waiting to resume the expected bearish wave on the intraday and short-term basis, reminding you that our next targets are located at 0.5775$ followed by 0.5720$.

The bearish channel continues to organize the suggested bearish wave, which will remain valid unless the price rallied to breach 0.5915$ and hold above it.

The expected trading range for today is between 0.5810$ support and 0.5910$ resistance

Trend forecast: Bearish

Origin: Economies

 

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