The NZDUSD price keeps rising – Forecast today - 03-05-2024
Economies.com
2024-05-03 03:37AM UTC
NZDUSD Price Analysis
The NZDUSD price shows a more bullish bias as it approaches our awaited target at 0.6000$. It's worth noting that the price is nearing the completion of a double bottom pattern, which we expect to assist in surpassing the mentioned level and opening the way to rally towards 0.6070$ as the next positive target.
Therefore, we continue to suggest a bullish trend on the intraday basis, conditioned by the price's stability above 0.5915$.
The expected trading range for today is between 0.5920$ support and 0.6020$ resistance.
Trend forecast: Bullish
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