The NZD/USD price forecast shows that the currency pair is currently holding its position above the nine-day Exponential Moving Average (EMA) near the 0.6200 level. This indicates a strong level of support for the pair at this price point. Traders will be closely watching to see if the pair can maintain this position or if it will break below the EMA.
Overall, the NZD/USD pair has been trading within a relatively tight range in recent sessions. Market sentiment has been mixed, with uncertainty surrounding global economic conditions and trade tensions between the US and China. Traders are advised to keep a close eye on any developments that could impact the pair’s movement in the near future.
In conclusion, the NZD/USD pair is currently holding its position above the nine-day EMA near 0.6200. Traders should continue to monitor the pair’s movement closely and be prepared for potential shifts in market sentiment.