NZDUSD Technical Analysis: Bullish Trading

NZDUSD Technical Analysis: The NZDUSD pair is trading at the beginning of an upward trend during the American session, as the pair recorded a high of 0.6075 and a low of 0.6052, with the current price standing at 0.6072.

NZDUSD Technical Analysis Technical Analysis:

When analyzing the chart, we notice that prices are trading above the moving averages indicators, which reinforces the support for the upward trend. The MACD indicator also shows the end of the negative trend and the beginning of the positive trend, indicating a possible improvement in the upward momentum.

Trading Expectations:

With the beginning of this upward trend, the pair is expected to continue rising, but it is important to follow any warning signs that may appear on the technical indicators.

NZDUSD Technical Analysis

Trading strategies based on Buy/Sell levels

NZDUSD In case of buying           in case of selling
Entry point 0.6079 0.6060
Target Point 1 (TP1) First resistance: 0.6090 First support: 0.6054
Target Point 2 (TP2) Second resistance: 0.6110 Second support: 0.6038
Stop Loss (SL) 0.6060 0.6079

 

Traders should take advantage of the opportunities arising from the current upward trend, focusing on technical analysis to improve their strategies and increase their chances of trading success.

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