Possible Bullish Trend for -NZD/USD
On a short-term 2H chart
The price trends above the 200-day SMA and the price move all above the fibb reversal level.
Moreover, on the 4H chart the pair currently uses the 50-day SMA as support level at 0.8725, which might instigate a strong bullish trend push from the buyers, and it reveals their active participation in the market, despite the holiday.
So, stay on a lookout for breakout above the 0.8750,if that does not happen, then the bear could pull the price to the downward side of the market.
The price trends above the 200-day SMA and the price move all above the fibb reversal level.
Moreover, on the 4H chart the pair currently uses the 50-day SMA as support level at 0.8725, which might instigate a strong bullish trend push from the buyers, and it reveals their active participation in the market, despite the holiday.
So, stay on a lookout for breakout above the 0.8750,if that does not happen, then the bear could pull the price to the downward side of the market.
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