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NZDUSD Price Forecast Update – 09-07-2024

by Jennifer

NZDUSD Price Analysis

Expected Scenario

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The NZDUSD price has failed to breach the $0.6140 level, leading to a bearish rebound and initiating a downward wave expected to target $0.6070. This bearish bias is anticipated to persist in the upcoming sessions. The critical condition for maintaining this expected decline is holding below $0.6140. A breach above this level would indicate a potential rally towards new gains, targeting $0.6228 in the near term.

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Expected Trading Range

  • Support: $0.6060
  • Resistance: $0.6160

Trend Forecast: Bearish

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