📈 NZDUSD Technical Analysis 🚀
🔹 Bullish Channel Formation: The price is moving within an ascending channel, respecting both support and resistance levels.
🔹 Retest & Continuation: After testing the lower boundary, the price is showing bullish momentum towards the upper channel.
🔹 Target Zone: If the structure holds, the price could reach the upper resistance area around 0.5900 - 0.5950.
⚠️ Key Considerations:
• Watch for any potential rejection at key resistance levels.
• Proper risk management is crucial to handle possible pullbacks.
🔥 Let’s see how this plays out! 🚀
🔹 Bullish Channel Formation: The price is moving within an ascending channel, respecting both support and resistance levels.
🔹 Retest & Continuation: After testing the lower boundary, the price is showing bullish momentum towards the upper channel.
🔹 Target Zone: If the structure holds, the price could reach the upper resistance area around 0.5900 - 0.5950.
⚠️ Key Considerations:
• Watch for any potential rejection at key resistance levels.
• Proper risk management is crucial to handle possible pullbacks.
🔥 Let’s see how this plays out! 🚀
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.
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.