FX.co ★ NZD/USD

The moving average indicator provides a clear signal for buying. Looking at the NZD/USD chart, I believe that as long as the market lows continue to be updated, we will have a bullish trend globally. I think that the price acceleration on Monday was a breakout of the sellers' zone level at 0.581. Previously, the instrument was trading around the bearish candle area, creating uncertainty in the market for opening medium-term positions. For tomorrow, we can expect a corrective downward movement towards the broken level at 0.588. If the decline starts immediately at the market opening, I believe the price will reach the mentioned support. However, if the trading session starts with a retest of the local level at 0.584, we can consider opening long positions towards selling.