FX.co ★ NZD/USD

Hello traders. NZDUSD. Attempts by sellers to develop a bearish direction have not been successful. Currently, the price is consolidating globally within a range, although the local trend shows the strength of buyers, confirming the sequence of higher highs. I will consider entering a long position in the direction of the main impulse after the bulls secure a close above the 0.582 high. If this scenario unfolds, I will try to jump into the continuation of the bullish rally, with the target for the move being the next supply zone at 0.577. If the price falls back below the support at 0.567, a trading channel towards the fresh buyer zone at 0.550 will open up, which is currently a key support level for buyers.