The NZD/USD currency pair is currently showing a bullish bias, driven by technical signals indicating a possible trend reversal. The trendline direction has shifted, suggesting that upside momentum may be building.
Further confirmation comes from the presence of a double bottom pattern and the formation of a swing low, both of which are classic reversal signals pointing to increased buying pressure.
As long as price remains above the key support zone, the potential for further gains remains valid in the short term.
Recommendation:
- Buy NZD/USD
- Entry: 0.59810
- Take Profit 1: 0.60110
- Take Profit 2: 0.60410
- Stop Loss: 0.59510
*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.
