The NZDUSD price awaits additional break – Forecast today - 09-05-2024
Economies.com
2024-05-09 03:41AM UTC
NZDUSD Price Analysis
Forecasts and Analysis
- The NZDUSD price fluctuates around the 0.6000$ barrier, awaiting negative momentum to confirm breaking 0.5980$ and target 0.5915$ as the next negative station.
- Our bearish overview remains valid, with the possibility of a bullish wave if 0.6000$ is breached and held above, targeting testing 0.6070$ areas initially.
Expected Trading Range
The expected trading range for today is between 0.5940$ support and 0.6040$ resistance.
Trend Forecast: Bearish
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