NZDUSD: Rising Ahead

NZDUSD, H1

NZDUSD navigates within a bullish flag pattern and the price currently tests the 0.5710 resistance level.

The Alligator’s lips crosses the jaw, while the MACD histogram crosses the 0-line upwards, giving a bullish sentiment for the Kiwi.

Consider a long trade, if the price breaks above the 0.5710, with the target at 0.5730 and second target 0.5760 if the price will go further.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

Share with friends:

Author: Timur Yurdagyul

Open an FBS account

By registering, you accept FBS Customer Agreement conditions and FBS Privacy Policy and assume all risks inherent with trading operations on the world financial markets.