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NZDUSD Price Awaits More Rise – Forecast for Today, July 4, 2024

by Jennifer

NZDUSD Price Analysis

Expected Scenario

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The NZDUSD price has approached the anticipated positive target at $0.6140, currently trading sideways near the EMA50. It is poised to resume its bullish trend to initially test the mentioned level, with potential to move towards $0.6228 in the near term upon breaching.

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Maintaining levels above $0.6070 is crucial for sustaining the expected upward movement. Conversely, a break below this support could lead to a decline, targeting around $0.6000.

Expected Trading Range

Support: $0.6070

Resistance: $0.6170

Trend Forecast: Bullish

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