Hong Kong
2024-12-24 18:26
IndustryNZD/USD: Wait to test bearish signals
Now we need to see if NZD/USD can break below 0.5630 support, this will be a sign of the start of the decline and will enter a sustained downtrend, the next short target is 0.5560 and then 0.55. Only if NZD/USD can break and hold above 0.5665 can it stop falling and start to rebound.
Today I expect NZD/USD to trade between 0.5590 and 0.5680.
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NZD/USD: Wait to test bearish signals
Hong Kong | 2024-12-24 18:26
Now we need to see if NZD/USD can break below 0.5630 support, this will be a sign of the start of the decline and will enter a sustained downtrend, the next short target is 0.5560 and then 0.55. Only if NZD/USD can break and hold above 0.5665 can it stop falling and start to rebound.
Today I expect NZD/USD to trade between 0.5590 and 0.5680.
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