NZDUSD: Breakout of Consolidating Structure
NZDUSD has been on the rise since it found support and rebounded off from a 4 year low around 0.6200.
In the process of the rebound, the price has broken a few critical resistance levels such as the 8-month falling trendline.
There's little doubt that NZDUSD is in a bullish structure while the dollar is also weakening.
Just recently, the price has broken out of a downward consolidating structure and a new bullish trend has just begun.
Wait for the pullback towards 0.6630 to look for a buying opportunity.
In the process of the rebound, the price has broken a few critical resistance levels such as the 8-month falling trendline.
There's little doubt that NZDUSD is in a bullish structure while the dollar is also weakening.
Just recently, the price has broken out of a downward consolidating structure and a new bullish trend has just begun.
Wait for the pullback towards 0.6630 to look for a buying opportunity.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.