The NZD/USD currency pair is showing upside potential after undergoing a trend reversal from bearish to a solid bullish phase. This bullish momentum is likely to push the price toward forming a new resistance level at 0.60226.
As long as price holds above the nearest support zone, the potential for further upside is expected to remain intact.
Recommendation:
- Buy NZD/USD
- Entry: 0.59609
- Take Profit: 0.60226
- Stop Loss: 0.59209
*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.
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