Latest Articles

Bitcoin Price (BTCUSD) Forecast – November 7, 2024

Bitcoin (BTC) has recently experienced a decline, testing the previously breached resistance level of its bullish channel. For the cryptocurrency to maintain its upward...
HomeCurrenciesNZD/USD Price Forecast Update - November 8, 2024

NZD/USD Price Forecast Update – November 8, 2024

The NZD/USD exchange rate is testing the key support level at $0.6000, showing signs of downward pressure. A potential breakdown below this level could signal a continuation of the bearish trend, with initial targets set at $0.5960, followed by $0.5915 as the next support zones.

A negative bias is anticipated for today, unless the price stabilizes above the $0.6000 mark and manages to break through the minor resistance at $0.6025. In such a case, a more neutral or even slightly bullish outlook could emerge.

For today’s trading, the expected range is between the $0.5950 support and $0.6060 resistance levels.

Trend Outlook: Bearish

Related topics: