NZDUSD H4: Bullish outlook seen, further upside above 0.6200
Prices are hovering above a key support zone at 0.6200 on the H4 timeframe. A throwback to this support zone, which coincides with the 23.6% Fibonacci retracement, could provide the bullish acceleration to the resistance zone at 0.6280, in line with the 78.6% Fibonacci extension. Price is holding above the 20 EMA and Ichimoku cloud, supporting our bullish bias.
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