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NZD/USD Price Forecast Update – October 21, 2024

The NZD/USD currency pair is currently trading negatively, dipping below the $0.6070 mark once again. As highlighted in our earlier report today, it is crucial for the price to remain above this level to sustain a positive outlook. A confirmed break below $0.6070 could lead to further declines, with the next major target set at $0.6000.

For today, the anticipated trading range is between the support level at $0.6040 and the resistance level at $0.6140.

Trend Forecast: Bullish

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