- According to the most brokers’ data, more than half of the traders are currently in short positions on NZDUSD. As a result, we recommend considering only Long trades at this time.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
- MVP line is below the price and acts as a support level.
- The first target is at the level of the previous peak - 0.7265, and the second one, in case of an active price increase, is at the level - 0.7285
Chart & Analyst Comments
![main-buy-market-trend-1](https://fxssi.com/images/forecasts/forecast-c9fe1e9c539651cf7145ce9bbe87d32d.png)