NZDUSD Chart Technical Outlook

NZDUSD Chart Technical Outlook stalls at 0.5942 support
Bespoke support is located at 0.5942 and 0.5935. Although we have seen a stalling in bearish momentum at this zone, I’m struggling with technical reasons for a change of trend. My bias for the USD remains bullish. I expect this to be the driving factor today. We are possibly forming a reverse head and shoulders pattern. Levels close to 0.5860 have continued to attract buying interest. If I get a solid reversal formation within the buy zone an update will be sent.

We will be happy to hear your thoughts

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