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NZDUSD Forecast and Analysis for August 8, 2024
The quotes of the currency pair NZD/USD continue to move within the framework of the growth and descending channel development. The moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the decline in the instrument’s value from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to the US Dollar exchange rate is 0.6009. At the moment, we should expect an attempt to develop a correction and a test ... (full story)
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- Posted: Aug 8, 2024 12:36am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 5,803
