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Mihai_Iacob

NzdUsd- Bottom in place

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Mihai_Iacob  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators NZDUSD nzdusdanalysis nzdusdtrade signals signalservice nzdusdsignal signalsprovider signalsservice signalprovider
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trendanalysis chartpattern indicator nzdusd nzdusdanalysis nzdusdtrade signals signalservice nzdusdsignal signalsprovider signalsservice signalprovider
Last week, NzdUsd has broken under important 0.62 support. However, the pair lacked continuation and has blocked and formed new strong support above 0.61.
Friday's candle is a Pin Bar exactly from this support which can be the signal for reversal.
Confirmation for reversal comes with a break back above 0.62 and, in such a case, NzdUsd can continue its ascent to important 0.64 zone resistance.
I'm bullish as long as last week's low is intact

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