The NZDUSD price completes the negative pattern – Forecast today – 27-12-2024 – ForexNews.PRO
The NZDUSD price managed to break the bearish flag’s support line to activate the negative effect of this pattern and head towards achieving more decline on the intraday and short-term basis, waiting to visit 0.5560$ followed by 0.5500$ that represent our next main targets, noting that the EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 0.5665$.
The expected trading range for today is between 0.5565 support and 0.5660$ resistance
Trend forecast: Bearish
Origin: Economies
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