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The NZDUSD price turns to rise – Forecast today - 15-05-2024
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The NZDUSD price turns to rise – Forecast today - 15-05-2024
May 14, 2024 9:36 PM

NZDUSD Price Analysis Expected Scenario The NZDUSD price bounced upwards clearly after the consolidation of 0.6000$ level against the recent negative attempts, to approach 0.6070$ level, and we believe that the way is open to surpass this level and achieve more gains in the upcoming period, as the price is affected by the previously completed double top pattern, to suggest targeting 0.6140$ areas as a next main station. Therefore, the bullish bias will be suggested in the upcoming sessions unless breaking 0.6000$ followed by 0.5980$ levels and holding below them. Expected Trading Range Between 0.6100$ support and 0.6110$ resistance.

Trend Forecast: Bullish

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