NZD/USD Holds Strong – Can Bulls Reach 0.5940?

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NZD/USD Holds Strong – Can Bulls Reach 0.5940?

From our previous analysis, NZDUSD reached the first target near 0.5855 and the price started to rally again.

It seems that the price is well positioned to rise further from this area considering that the bullish trend has not changed all these days.

On the other hand, NZD continues to hold strong the bullish momentum created after the RBNZ meeting. With or without a strong reason, this is another topic, but NZD could recover again.

The question is only what market catalyst can create this move.

Targets:

0.5900
0.5940

You can find more details on the chart.
Thank you and good luck! 🍀

⚠️PS: Do your own analysis and use your own strategy to join the trade.
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