NZD USD REJECTED SUPPORT

Aug 30

Certainly! Here’s the description in English:

Currently, the NZD/USD currency pair is showing a clear bullish trend on the 1-hour (1H) timeframe. The price has recently bounced off a key support area, indicating potential for continued upward movement. The bullish signals on this timeframe, evidenced by positive price action and supporting momentum, suggest that the uptrend is likely to persist.

With the bounce from the support area, there is an increased potential for testing and breaking through the next resistance level. If NZD/USD manages to surpass and maintain its position above this resistance, the bullish trend could extend further, providing opportunities for traders to capitalize on potential gains. Traders are advised to monitor technical indicators and price movements closely to confirm the continuation of the trend and make informed trading decisions.

NZDUSD