Main Quotes Calendar Forum
flag

FX.co ★ NZD/USD: upside reversal signaled

parent
Forex Analysis:::2022-09-28T19:00:45

NZD/USD: upside reversal signaled

NZD/USD: upside reversal signaled

NZD/USD: Strong Buyers!

The NZD/USD pair registered a strong growth after finding strong demand at the 0.5574 level. Now, it is trading at 0.5729 at the time of writing and it seems determined to approach and reach new highs after passing above the 0.5708 former high and above the downtrend line which represented upside obstacles.

Passing above these levels signaled that the downtrend could be over and that the price could develop a new swing higher.

NZD/USD Trading Conclusion!

Breaking above 0.5708 and through the downtrend line indicates a potential upside reversal in the short term. Stabilizing above these broken obstacles could bring new buying opportunities.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...