NZDUSD maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a Bullish breakout above the consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.5920 – previous consolidation range and pivotal support
Upside Targets:
0.6080 – initial resistance
0.6150 and 0.6180 – extended bullish targets on higher timeframes
A bullish reversal from 0.5920 would suggest continuation of the uptrend, confirming buying momentum.
However, a decisive break and daily close below 0.5920 would invalidate the bullish structure, opening the door for further retracement toward 0.5870, with additional support at 0.5830 and 0.5770.
Conclusion
NZDUSD remains bullish above 0.5920. A bounce from this level supports further gains. Traders should watch for confirmation signals before positioning for the next move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Key Support Level: 0.5920 – previous consolidation range and pivotal support
Upside Targets:
0.6080 – initial resistance
0.6150 and 0.6180 – extended bullish targets on higher timeframes
A bullish reversal from 0.5920 would suggest continuation of the uptrend, confirming buying momentum.
However, a decisive break and daily close below 0.5920 would invalidate the bullish structure, opening the door for further retracement toward 0.5870, with additional support at 0.5830 and 0.5770.
Conclusion
NZDUSD remains bullish above 0.5920. A bounce from this level supports further gains. Traders should watch for confirmation signals before positioning for the next move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.