Technical Analysis: NZD/USD – 4-Hour Chart
▪️Market Structure
▫️NZD/USD is following a bullish structure, consistently respecting an upward trendline.
▫️ A prior resistance zone near 0.6010 has been flipped into a support area, reinforcing bullish sentiment.
▪️Key Zones
▫️Support Area: 0.6000-0.6015 (former resistance turned support).
▫️ Demand Zone: 0.5860-0.5900 , remains valid in case of a deeper pullback.
▫️ Target Area: 0.6206 , marked as the next potential upside objective.
▪️Trade Outlook
▫️ Current price action is retesting the new support zone with potential for bullish continuation.
▫️ A successful retest and bounce from this area could confirm a move toward the target zone at 0.6206.
▫️ The trendline and demand zone offer additional confluence for bullish setups.
▪️Bias: Bullish - Favoring long positions on confirmation of support holding, targeting 0.6206.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
▪️Market Structure
▫️NZD/USD is following a bullish structure, consistently respecting an upward trendline.
▫️ A prior resistance zone near 0.6010 has been flipped into a support area, reinforcing bullish sentiment.
▪️Key Zones
▫️Support Area: 0.6000-0.6015 (former resistance turned support).
▫️ Demand Zone: 0.5860-0.5900 , remains valid in case of a deeper pullback.
▫️ Target Area: 0.6206 , marked as the next potential upside objective.
▪️Trade Outlook
▫️ Current price action is retesting the new support zone with potential for bullish continuation.
▫️ A successful retest and bounce from this area could confirm a move toward the target zone at 0.6206.
▫️ The trendline and demand zone offer additional confluence for bullish setups.
▪️Bias: Bullish - Favoring long positions on confirmation of support holding, targeting 0.6206.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
Trade active
from support area Note
price is respecting the trendline Note
still holding for big move Note
the trade start fly now 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.