FX.co ★ vadlamudi | NZD/USD

NZDUSD 1H: Trend Continuation Setup Targets 0.5855 & 0.5900

NZDUSD 1H: Trend Continuation Setup Targets 0.5855 & 0.5900 NZDUSD continues to respect a strong bullish trend. The recent breakout from a short-term bullish flag pattern reinforces the trend continuation outlook, suggesting buyers remain firmly in control. Price is currently consolidating above the breakout area, which could act as a launchpad for the next leg higher. As long as the breakout level holds as support, the overall structure favors continued upside. The first resistance to watch is 0.5855, a level that aligns with recent price structure. A sustained break above this zone could open the door to the next major objective at 0.5900. Bullish Targets Target 1: 0.5855 Target 2: 0.5900 You can find more details on the chart. Thank you and good luck!