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Mar 11, 2025

NZDUSD: Rising Ahead

NZDUSD, H1

NZDUSDH1.png

NZDUSD navigates within a bullish flag pattern and the price currently tests the 0.5710 resistance level.

The Alligator’s lips crosses the jaw, while the MACD histogram crosses the 0-line upwards, giving a bullish sentiment for the Kiwi.

  • Consider a long trade, if the price breaks above the 0.5710, with the target at 0.5730 and second target 0.5760 if the price will go further.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Timur Yurdagyul

Author: Timur Yurdagyul

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