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NZDUSD Forecast and Analysis for October 22, 2024
The quotes of the currency pair NZD/USD continue to move within the development of the correction and the formation of the “Triangle” model. The moving averages indicate the presence of a short-term downward trend for the pair. Prices broke through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to the US Dollar exchange rate is 0.6061. At the moment, we should expect an attempt to develop a ... (full story)