NZD/USD Technical Analysis – Bullish Price Action

nzd_3_newsNZD/USD breaks above 0.6020 and shows strong bullish momentum.

The 4-hour chart for NZD/USD shows that the pair is forming intense bullish price action, characterised by multiple rounding bottom patterns.

A breakout above 0.6020 confirms strong bullish momentum. The rebound from the 0.55 support area, followed by the rounding bottom formation above 0.5850, further reinforces the bullish outlook for NZD/USD.

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