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NZD/USD Price Crawls Upwards – Forecast for July 5, 2024

by Jennifer

NZD/USD Price Analysis

Expected Scenario

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The NZD/USD pair is exhibiting new bullish momentum, gradually moving towards our anticipated target of $0.6140. There are expectations for the price to surpass this level, achieving further gains up to $0.6228.

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Supporting Factors

We maintain a bullish outlook for the upcoming period, provided the price stays above the $0.6070 level.

Expected Trading Range

Today’s anticipated trading range for NZD/USD is between the $0.6070 support level and the $0.6170 resistance level.

Trend Forecast

The trend forecast for NZD/USD remains bullish.

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