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The NZDUSD price keeps rising – Forecast today - 04-06-2024
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The NZDUSD price keeps rising – Forecast today - 04-06-2024
Jun 3, 2024 9:55 PM

Price Analysis: NZDUSD Expected Scenario The NZDUSD price provided more positive trades yesterday, waiting to continue the rise to test 0.6228$ that represents our next station, noting that the EMA50 supports the price from below to lead the price to achieve more bullish bias and additional positive targets that extend to 0.6280$ as a next positive station. Therefore, the bullish trend scenario will remain valid for the upcoming period, taking into consideration that breaking 0.6140$ will lead the price to turn to rise and start a bearish wave that its targets begin by visiting the 0.6070$ level. Expected Trading Range Between 0.6140$ support and 0.6240$ resistance.

Trend Forecast: Bullish

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