NZD/USD..1h chart pattern..NZD/USD 1H chart appears to show a bullish breakout pattern, supported by:
An ascending trendline.
Price holding above the Ichimoku cloud.
A clear breakout projection drawn with an arrow to a higher level.
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🔍 Estimated Target Based on Chart Structure
Based on visual estimation and the pattern:
Current breakout level: ~0.6050
Projected target (based on prior swing and consolidation height): ~0.6150 – 0.6170
This suggests a target zone of 100–120 pips from the breakout area.
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🧮 How This Target Is Likely Derived
Looks like a bullish flag or ascending triangle setup. The vertical height of the pattern (approx. 100–120 pips) is added to the breakout point (~0.6050), giving:
Target ≈ 0.6050 + 0.0100 to 0.0120 = 0.6150 to 0.6170
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📌 Key Levels to Watch
Support: 0.6025–0.6040 (cloud + trendline confluence)
Breakout confirmation: Strong 1H candle close above 0.6050–0.6060
Target: 0.6150–0.6170
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