NZDUSD: Is it Time for a Price Rally?
The NZDUSD pair has just broken out above the "Ascending Channel" pattern, indicating that buyers are attempting to take control of the market.
The current setup looks positive and clear; under normal conditions, this would be a good signal to consider.
However, with the upcoming U.S. election results, the market is likely to be volatile, and USD may face significant fluctuations.
Nevertheless, these are the signs that NZDUSD is showing at the moment.
The current setup looks positive and clear; under normal conditions, this would be a good signal to consider.
However, with the upcoming U.S. election results, the market is likely to be volatile, and USD may face significant fluctuations.
Nevertheless, these are the signs that NZDUSD is showing at the moment.
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