NZDUSD Price Resumes Upward Momentum – Forecast for July 1, 2024

by Jennifer

NZDUSD Price Analysis

The NZDUSD pair has rebounded from recent sessions where it tested the $0.6070 level, signaling a renewed upward movement with initial targets set at $0.6140. A breakthrough above this level is anticipated to propel the price towards $0.6228 as the next significant level.


The positive outlook is reinforced by a break above $0.6110, which is crucial for sustaining upward momentum. The bullish scenario remains valid unless the price drops below $0.6070 and maintains below this support level.


Expected Trading Range

Market expectations suggest a trading range with support at $0.6060 and resistance at $0.6160 for the immediate trading sessions.

Trend Forecast: Bullish

The trend forecast maintains a bullish stance on the NZDUSD pair in the near term.

You May Also Like


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 – Futures Market, Investment, Trading & News