The NZDUSD price completes the positive pattern – Forecast today - 06-05-2024
Economies.com
2024-05-06 04:09AM UTC
NZDUSD Price Analysis
Expected Scenarios
- The NZDUSD price settles above 0.6000$ level, which supports the continuation of the correctional bullish trend, which its next target located at 0.6070$, noting that the previously completed double bottom pattern has additional positive targets that surpass the mentioned level to reach 0.6140$ as a next positive station.
- Therefore, the bullish trend will remain valid and active unless breaking 0.6000$-0.5980$ levels and holding below them.
Trading Range for Today
- Support: 0.5960$
- Resistance: 0.6060$
Trend forecast: Bullish
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