Hello everyone 🙂 NZD is gaining bullish momentum in the market since the hedge funds increased their buying power. On the daily time frame, we have a nice MA 20/50 break with a bullish engulfing candlestick closure, and the 1-hour is trending above all the moving averages and the 4-hour is making a new high, which confirms bullish bias. There is no high-impact, high-volatility news today, so the trade should move steadily to the upside.
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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.