The NZDUSD price keeps its positive stability – Forecast today - 07-05-2024
Economies.com
2024-05-07 03:51AM UTC
NZDUSD Price Analysis
The NZDUSD price is still above the 0.6000$ level, and the positive effect of the double bottom pattern is still active, keeping the bullish trend scenario valid for the upcoming period. Our next target is located at 0.6070$.
The EMA50 supports the continuation of the expected bullish trend, which will remain valid conditioned by the price stability above 0.6000$ and 0.5980$ levels.
Expected Trading Range for Today
- Support: 0.5960$
- Resistance: 0.6060$
Trend Forecast
Bullish
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