NZDUSD strengthens its bullish trend while performing some corrective movements

The NZDUSD remains in a strong bullish trend today and it is likely that this pair continue progressively strengthened every day, because all that has shaped patterns have been clearly bullish.

The kiwi is near the support at the 0.8218 level, where this is forming a higher low pattern. If the pair manages to break that level, it is expected to fall to the bullish trend line near the psychological level at 0.8200 level. On the other hand, is likely that the NZDUSD could conduct a bullish rebound at current levels and go up to the resistance level at 0.8246. If the pair manages to break that level, it is expected to rise to the level of 0.8263.

For now, the NZDUSD remains above the 200 day moving average and in recent weeks, this pair has respected the bullish primary trend line, which could indicate a clear bullish fortaleca the current trend.

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