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NZDUSD Price Hits the Target – Forecast for June 27, 2024

by Jennifer

NZDUSD Price Analysis

Expected Scenario

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The NZDUSD price has successfully reached the anticipated target of $0.6070 and found solid support at this level. This support has sparked positive trades, indicating a potential bullish wave in the upcoming sessions, with a primary target of $0.6140.

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As a result, a bullish bias is expected for today. However, if the price breaks below $0.6070, it will halt the bullish trend and potentially lead to a decline.

Expected Trading Range

  • Support: $0.6040
  • Resistance: $0.6140

Trend Forecast: Bullish

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