NZDUSD Price Forecast: Soaring above 0.6000, Breaking Barriers Ahead
The NZDUSD pair continues its winning streak, trading around 0.6010 during early European trading hours on Thursday. This marks a significant increase since the upward momentum began on April 9. As technical indicators demonstrate a bullish bias, the pair maintains its position above the nine-day Exponential Moving Average (EMA).
Traders are optimistic about the continued growth potential of the NZDUSD pair. As long as it remains above critical resistance levels, the chances for a further increase are likely. Keeping a close watch on broader market movements will be essential, as fluctuations could affect the pair’s performance in the near future.