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NZD/USD Bullish Structure Cues for More Upside

By
Nenad Kerkez
Published: Apr 29, 2020, 07:38 GMT+00:00

The NZD/USD is trying to climb towards D L5 camarilla level. If we see a push to the upside the structure will be completed.

NZD/USD Bullish Structure Cues for More Upside

Dear Traders,

The NZD/USD is trying to climb towards D L5 camarilla level. If we see a push to the upside the structure will be completed.

0.6080 zone is where the POC is located. The V shaped reversal is playing out. Bulls are stronger. We can see now moment buyers pushing the price above it. If the market continues up we should see 0.6117. W H4 pivot is the first resistance. Above, we will see a final target which will complete the bullish structure. 0.6138.

The Analysis has been done with the CAMMACD.Core and Sit Systems

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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