The NZD/USD pair is currently expected to continue its upward movement. This bullish outlook is supported by the recent rejection of downside pressure, suggesting that sellers are losing momentum.
Furthermore, the formation of a swing low along with a candlestick confirmation pattern strengthens the bullish bias, indicating potential for further gains in the short term.
Recommendation:
- Buy NZD/USD
- Entry: 0.58654
- Take Profit: 0.59054
- Stop Loss: 0.58448
*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!