HubuFX
Member
A Strong Surge in NZDUSD
Yesterday, the NZDUSD pair experienced a significant upward rally, successfully surpassing our anticipated target of 0.6247 and closing the daily candlestick above this level. This confirmed the resumption of the primary bullish trend and put an end to the bearish correction that had been dominating recent trades. As a result, the pair is now expected to head towards the next major target of 0.6470.
In light of these developments, we maintain our bullish outlook for the upcoming period, with support from the SMA50. However, it is important to note that a break below 0.6290 could halt the current upward momentum and trigger a renewed decline in the price.
Yesterday, the NZDUSD pair experienced a significant upward rally, successfully surpassing our anticipated target of 0.6247 and closing the daily candlestick above this level. This confirmed the resumption of the primary bullish trend and put an end to the bearish correction that had been dominating recent trades. As a result, the pair is now expected to head towards the next major target of 0.6470.
In light of these developments, we maintain our bullish outlook for the upcoming period, with support from the SMA50. However, it is important to note that a break below 0.6290 could halt the current upward momentum and trigger a renewed decline in the price.
