NZD/USD is currently showing potential for significant upside movement. Price action suggests the formation of a reversal pattern into a bullish trend, signaling further buying momentum.
With this technical setup, NZD/USD is expected to rise toward the nearest resistance area as its target price.
Recommendation:
- Buy NZD/USD
- Entry: 0.59129
- Take Profit: 0.59636
- Stop Loss: 0.58801
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
The best investment is an investment in knowledge. Start your journey to trading success with a Masterclass Trading Webinar every Friday. Join now!