NZD/USD is preparing for growth

2 min read
Traderassist

Yaroslav Mudryi

Forex broker

Hi traders,

Currency pair NZD/USD groped the bottom and wants to grow.

For a more confident transaction on Buy, the price is desirable to make a breakdown and gain a foothold over the zone 0.6275-0.6255.

Now the price is inside the zone and, as you understand, there are no conditions for a confident entry. BUT the downtrend is broken, the uptrend has appeared and the price is above the resistance, which previously did not allow the price to rise, which gives us a chance to consider a deal on Buy. Profit target is 0.6325.

Good trading,
Yaroslav Mudryi.

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