The NZD/USD pair appears to be forming an ascending triangle, a pattern that typically indicates increasing bullish momentum and buyer strength.
Should price break above the established resistance zone at 0.60300, I would wait for a confirmed retest of this area before considering a long position.
Potential take-profit targets are set at the next key resistance levels of 0.61215 and 0.63740, based on previous structure.
Should price break above the established resistance zone at 0.60300, I would wait for a confirmed retest of this area before considering a long position.
Potential take-profit targets are set at the next key resistance levels of 0.61215 and 0.63740, based on previous structure.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.