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NZDUSD Price Is Stable – Forecast for June 20, 2024

by Jennifer

NZDUSD Price Analysis

Expected Scenario

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The NZDUSD pair did not exhibit significant movement yesterday and continues to remain stable below the $0.6140 level. This lack of movement reinforces the expected bearish trend scenario on an intraday basis, contingent upon the price maintaining stability below the mentioned level. Our primary target remains at $0.6070.

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Expected Trading Range

For today, the expected trading range for NZDUSD is between the $0.6070 support and the $0.6270 resistance.

Trend Forecast: Bearish

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