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Today, July 17, 2024 – The NZDUSD price has initiated trading on a positive note, aiming to breach the $0.6070 mark and sustain levels above it, influenced by recent CPI data. This signals a potential return to the bullish trajectory, though caution is advised to assess the data’s impact and subsequent price behavior around this level.
Sustaining above $0.6070 could lead to further gains towards $0.6140. Conversely, a break below this level might signal a continuation of bearish momentum, targeting around $0.6000.
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Today’s anticipated trading range spans between support at $0.6020 and resistance at $0.6120.
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Trend Forecast: Neutral
