Dollar New Zealand / Dollar ASPembelian
NZDUSD is Bullish
Price was in a strong downtrend, however the bulls seem to have assumed control of the price action as previous lower high is successfully broken, and a higher high is printed instead. If the bulls maintain pressure then we will see the break of descending trendline and previous higher high, which according to Dow theory is a classic sign of bullish reversal. Targets are mentioned on the chart.
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