NZD/USD: Ready for a Bullish Continuation or Bearish Pullback?
On this chart, we can see a recent spike in price action, pushing the pair above the 21 EMA (yellow) and the 8 EMA (red), indicating a short-term bullish momentum. The price is currently consolidating around the 0.61100 level, which acts as a temporary support.
Key levels to watch are the resistance at 0.61300 and the support at 0.61036. A breakout above the 0.61300 resistance, especially with a strong close above the 21 EMA, could signal a continuation of the bullish move. Conversely, a break below the 0.61036 support could indicate a bearish pullback.
Given the current market structure, my bias is slightly bullish, but I will be monitoring the key levels closely for potential breakout or pullback opportunities.
Key levels to watch are the resistance at 0.61300 and the support at 0.61036. A breakout above the 0.61300 resistance, especially with a strong close above the 21 EMA, could signal a continuation of the bullish move. Conversely, a break below the 0.61036 support could indicate a bearish pullback.
Given the current market structure, my bias is slightly bullish, but I will be monitoring the key levels closely for potential breakout or pullback opportunities.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.