We start the year with an uptrend at NZDUSD. The price has already found support from the lower trendline several times. We expect that the upward movement will continue this time as well.
The support zone is 0.7140-0.7160, and if we push away from it, we expect to see 0.7240 again, as well as 0.7291!
Critical for maintaining the upward trend is the previous bottom 0.7081!
If you have questions about how to trade this or another situation, contact us!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.