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NZD/USD Price Analysis
Expected Scenario
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The NZD/USD pair continues to trade within a tight range, remaining below the 0.6140 level. As a result, the bearish outlook persists, with an initial target of 0.6070. This downtrend is reinforced by the negative pressure from the EMA50.
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For the expected decline to continue, it is essential for the price to stay below the 0.6140 level.
Expected Trading Range
Traders can expect the NZD/USD pair to trade within a range of 0.6050 support to 0.6160 resistance.
Trend Forecast
The forecast for the NZD/USD remains bearish, provided the price holds below key resistance levels.
Investors and traders should closely monitor these levels to navigate today’s forex market effectively.
