NZD/USD bulls seeking a correction of the daily bearish impulse. 0.72 the figure is on the cards if bulls can get above 15-min resistance. As per the prior analysis, NZD/USD Price Analysis: Overextended bearish impulse, the bulls are taking up the baton and eye an upside correction of the latest bearish impulse. Prior analysis, Daily chart The bulls have a clear target back to the old support in a 50% mean reversion. 1-hour chart The oversold conditions are ripening the price for a break of the immediate resistance. A break there will expose the daily target. Live market, 15 min-chart From a 15-min perspective, bulls are testing resistance while above the 50 SMA and with Momentum testing positive territory. A break and a retest of the structure would be expected to offer a discount to the bulls targeting the daily resistance. With a slop loss below the recent lows, a 1:2 risk to reward setup can be established. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Dogecoin price could reach $1, says billionaire Mark Cuban FX Street 1 year NZD/USD bulls seeking a correction of the daily bearish impulse. 0.72 the figure is on the cards if bulls can get above 15-min resistance. As per the prior analysis, NZD/USD Price Analysis: Overextended bearish impulse, the bulls are taking up the baton and eye an upside correction of the latest bearish impulse. Prior analysis, Daily chart The bulls have a clear target back to the old support in a 50% mean reversion. 1-hour chart The oversold conditions are ripening the price for a break of the immediate resistance. A break there will expose the daily target.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
