For Traders

Analytical Reviews

Trading plan

03.03.202223:36 Forex Analysis & Reviews: NZD/USD upside continuation

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

NZD/USD Imminent Breakout!

The NZD/USD pair ended its temporary decline right above the uptrend line without touching it. Failing to retest the uptrend line signaled that the buyers are very strong. Now, it's almost to reach 0.6810 former high which represents an upside obstacle.

Technically, as long as it is trading above the uptrend line, the NZD/USD pair could resume its upwards movement. Passing above the former high could announce further growth.

NZD/USD Trading Conclusion!

The currency pair could extend its growth if it jumps and stabilizes above 0.6810 former high. 0.6886 higher high represents the next upside target.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.