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NzdUsd is extremely bullish above 0.6050

330

Recently, I highlighted a potential reversal for NZD/USD on a few occasions. This anticipation was based on two primary factors: firstly, the occurrence of a false break, and secondly, the emergence of a notably large bullish engulfing pattern in mid-November.

As predicted, the pair successfully surpassed the 0.60 figure and the horizontal level at 0.6050, achieving a local high of 0.6221.
While the early part of the week is marked by a normal correction, there are indications that this correction may have concluded, paving the way for a potential continuation to the upside towards 0.64 next important level of resistance.

As the title suggests, NZD/USD is currently exhibiting strong bullish momentum above the 0.6050 support level.
The bullish sentiment prevails as long as this support is intact on a daily close basis.

In line with this analysis, my strategy for this pair is to capitalize on buying opportunities during market dips.
注释
The pair held very well above support.
Today's NFP could bring a new high above 0.62 mark
Mihai_Iacob
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Chart PatternsforexsignalsTechnical IndicatorsNZDUSDnzdusdanalysisnzdusdsignalssignalprovidersignalssignalserviceTrend Analysis

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Chart PatternsforexsignalsTechnical IndicatorsNZDUSDnzdusdanalysisnzdusdsignalssignalprovidersignalssignalserviceTrend Analysis
Mihai_Iacob
🎯 Want More Trading Ideas?

📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals

💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
更多:

相关出版物

免责声明

这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。