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Tuesday, February 16, 2021

NZDUSD: One more BULLISH IMPULSE!

NZDUSD: One more BULLISH IMPULSE!

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🟒Forex Pair:
NZD/USD

Technical Analysis:
Since the end of December 2020, the price has been following a huge rising wedge pattern bouncing many times on its dynamic lines.
A strong bullish impulse on its trendline during the 5th of February 2021, moved the price up to its next dynamic line, ending its rejection on the support level at about 0.71800.
The price is curently re-testing the same level and there is possibility to see a new upcoming bullish impulse.

πŸ”΄Conclusion:
In the daily chart I can see the price consolidating after an interesting uptrend. I'm confident to see the price moving up until its dynamic pattern's line and I'll be waiting for the next few sessions before planning my long trade on this position.

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Please note the views are not investment advice and should be used only for educational purposes⚠️

Trade Safe and Responsibly,
Gianni



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