The NZD/USD currency pair is currently showing signs of bullish continuation. This upward momentum is supported by a rising trendline, suggesting that buying interest remains in control of the market.
Further technical confirmation comes from the appearance of a swing low and a double bottom pattern, both of which are strong indicators of a potential reversal to the upside.
As long as the price stays above the key support level, the bullish scenario remains valid.
Recommendation:
- Buy NZD/USD
- Entry: 0.60200
- Take Profit 1: 0.60500
- Take Profit 2: 0.60800
- Stop Loss: 0.59900
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