FX.co ★ NZD/USD: further growth possible

NZD/USD 0.6219 Upside Obstacle!

The NZD/USD pair extended its growth after passing above the downtrend line and above the 0.6153 level. You knew from my previous analysis that this scenario should announce an upside reversal.

As you can see on the H1 chart, the rate is almost to hit the next upside obstacle represented by 0.6219.

NZD/USD Outlook!

Jumping above 0.6219 activates further growth and represents a buying signal.