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NZD/USD: 'V-Bottom' pushing price higher

NZD/USD: 'V-Bottom' pushing price higher

Information is not investment advice

There's a 'V-Bottom', which pushed the price higher, so the trendline turned out to be broken. It's likely to have a local downward correction in the coming hours. In this case, we should watch the nearest support at 0.6524 as a potential target for another advance towards the next resistance at 0.6572 - 0.6581.

28-5-2019-NZD-USD-H4.png

nzd

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