The NZDUSD price breaks the support – Forecast today - 01-05-2024
Economies.com
2024-05-01 03:47AM UTC
NZDUSD Price Analysis
Expected Scenario
- The NZDUSD price managed to achieve our waited target at 0.5915$ and broke it to confirm extending the bearish wave on the intraday basis, approaching the first extended target at 0.5850$, and we believe that the way is open to continue the decline and achieve additional negative targets that reach 0.5775$.
- Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 0.5915$.
Expected Trading Range
Between 0.5820$ support and 0.5930$ resistance
Trend Forecast: Bearish
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