FX.co ★ NZD/USD: upside continuation signaled

NZD/USD Ignored The Upside Obstacles!

The NZD/USD pair jumped higher after failing to come back to reach the uptrend line and the 0.6159 former low. Its failure to reach these levels signaled strong buyers. You knew from my previous analysis that as long as it stays above the uptrend line, the rate could resume its growth.

Now, it has ignored the 0.6251 and the 0.6287 upside obstacles. I've told you that passing above 0.6251 may signal further growth.

NZD/USD Trading Conclusion!

The current breakout above 0.6287 higher high indicates further growth and is seen as a buying opportunity.