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The NZDUSD price tests the resistance – Forecast today - 18-06-2024
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The NZDUSD price tests the resistance – Forecast today - 18-06-2024
Jun 17, 2024 10:06 PM

NZDUSD Price Analysis Expected Scenario The NZDUSD price tested the key resistance 0.6140$ and rebounds bearishly from there, to keep the bearish trend scenario valid for the upcoming period, waiting to visit 0.6070$ as a next main target. The negative pressure formed by the EMA50 supports the continuation of the suggested bearish wave, which will remain valid conditioned by the price stability below 0.6140$. Expected Trading Range The expected trading range for today is between 0.6070$ support and 0.6260$ resistance.

Trend Forecast: Bearish

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