The NZD/USD currency pair is currently showing bullish potential. This outlook is supported by the continuation of the bullish trendline, along with the formation of a swing low, which suggests the price is likely to move higher.
Additionally, the candlestick confirmation provides further support, indicating that buying momentum is stronger than selling pressure. As long as the price holds above the nearest support, the bullish scenario remains valid.
Recommendation:
- Buy NZD/USD
- Entry: 0.59350
- Take Profit: 0.59650
- Stop Loss: 0.59150
*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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