NZD/USD Price Forecast: Holds position above 0.6200 near support at 14-day EMA – FXStreet

The NZD/USD price forecast shows that the currency pair is holding its position above 0.6200, near the support level at the 14-day Exponential Moving Average (EMA). This indicates that the New Zealand dollar is strong against the US dollar in the current market conditions. Traders are closely watching this support level as it could indicate a potential trend reversal if broken. It is important to keep an eye on how the pair reacts around this level in the coming days to determine the next direction of the NZD/USD exchange rate.