NZDUSD Continues to Develop A Large Channel Pattern
NZDUSD began a bullish movement at the beginning of February and the price is in a bullish movement taking the shape of a large channel pattern.
Price is already near to a strong support zone and it can resume the bullish movement between 0.5720 - 0.5660 zone
Given that the price is also holding strong the chances are growing that it may rise again as shown on the chart
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZDUSD began a bullish movement at the beginning of February and the price is in a bullish movement taking the shape of a large channel pattern.
Price is already near to a strong support zone and it can resume the bullish movement between 0.5720 - 0.5660 zone
Given that the price is also holding strong the chances are growing that it may rise again as shown on the chart
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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📣NZDUSD Gains Momentum, Poised for Further Upside
In recent days, NZDUSD has demonstrated remarkable resilience, holding firm around the 0.5710 level. This area is acting as a significant price barrier for the bulls to take the price control.
Despite the absence of major economic news, the pair has shown consistent upward momentum, suggesting that bullish sentiment may drive prices higher in the near term.
This is related more to the extremely price conditions that many pairs are at this moment.
Traders should monitor the pair closely, as the potential for further gains this week remains substantial.
NZDUSD may extend to 0.5820 and 0.5860
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.