NZD/USD Price Forecast: Tests descending channel’s upper boundary above 14-day EMA, 0.5900 – FXStreet

The NZD/USD price forecast shows the pair testing the upper boundary of a descending channel above the 14-day Exponential Moving Average (EMA) at 0.5900. This indicates a potential bullish trend as the pair tries to break out of the channel. Traders will be keeping a close eye on this key level for potential trading opportunities.