Long

NZDUSD 1D Golden Cross, final bull signal.

The NZDUSD pair has been trading within a Channel Up pattern that only broke during the early April sell-off and has found Support near its 1D MA50 (blue trend-line) on its recent May consolidation.

As the 1D MACD just formed the 4th Bullish Cross of the year we expect this long with the emerging 1D Golden Cross to be the final buy signal before a long-term correction. Our Target is 0.60900 representing a +4.30% rise, the minimum previous within this pattern.

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