Hello traders,
Sharing an outlook on NZDUSD (H1) after a strong bullish breakout with aggressive momentum behind it.
Both levels have clear structure confluence from previous consolidation, now turned into support.
Expecting continuation or a deeper correction first?
Sharing an outlook on NZDUSD (H1) after a strong bullish breakout with aggressive momentum behind it.
Market Overview
- Price has surged with a clean bullish impulse, breaking through multiple intraday resistance levels.
- The pair is now forming new support zones, which may act as potential reload areas for buyers.
- As long as these support levels hold, bullish continuation remains the favored scenario.
Support Zones to Watch
- 0.5655 – 0.5662 → First support / potential bullish reaction area
- 0.5615 – 0.5620 → Deeper pullback zone if price dips further
Both levels have clear structure confluence from previous consolidation, now turned into support.
Primary Outlook
- A pullback into either support zone → possible continuation toward recent highs.
- Momentum indicators remain supportive of the bullish bias.
What’s your take on NZDUSD?
Expecting continuation or a deeper correction first?
