Advertisements

No News for the NZD/USD Price – Forecast for June 25, 2024

by Jennifer

NZD/USD Price Analysis

Expected Scenario

Advertisements

The NZD/USD pair continues to trade within a tight range, remaining below the 0.6140 level. As a result, the bearish outlook persists, with an initial target of 0.6070. This downtrend is reinforced by the negative pressure from the EMA50.

Advertisements

For the expected decline to continue, it is essential for the price to stay below the 0.6140 level.

Expected Trading Range

Traders can expect the NZD/USD pair to trade within a range of 0.6050 support to 0.6160 resistance.

Trend Forecast

The forecast for the NZD/USD remains bearish, provided the price holds below key resistance levels.

Investors and traders should closely monitor these levels to navigate today’s forex market effectively.

You May Also Like

blank

Bnher is a comprehensive futures portal. The main columns include futures market, futures exchanges, futures varieties, futures basic knowledge and other columns.

[Contact us: [email protected]]

© 2023 Copyright  bedgut.com – Futures Market, Investment, Trading & News