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NZDUSD: In a Potential Bullish Triangle Pattern

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NZDUSD: In a Potential Bullish Triangle Pattern

Examining the left side of the chart we can see that NZDUSD tends to accumulate before making its next move. Currently, NZDUSD is in another accumulation phase, and the current picture suggests a "Potential Bullish Triangle" pattern.

If the price holds above the support zone near 0.5680, the likelihood increases that this pattern could initiate a bullish wave. A movement above the pattern could push NZDUSD up to 0.5770, 0.5820, and 0.590.


While external factors like Trump's actions may add complexity and can invalidate the pattern if the price moves below the support zone 0.5680


You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️


Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Dagangan aktif
syot kilat

NZDUSD +50 pips since yesterday:)
Dagangan ditutup: sasaran tercapai
syot kilat

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