The NZDUSD price tests the resistance – Forecast today – 29-11-2024

news_22_feb_nzd_usd_1The NZDUSD price trades near the key resistance 0.5915$ now, and as we mentioned in our recent reports, holding below this level keeps the bearish trend scenario valid for the upcoming period, waiting to rebound bearishly to head towards 0.5850$ followed by 0.5775$ levels as next main targets.

We should note that breaching 0.5915$ followed by 0.5935$ levels will push the price to achieve more gains that start by visiting 0.6020$ areas.

The expected trading range for today is between 0.5850$ support and 0.5950$ resistance

Trend forecast: Bearish

Origin: Economies

 

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