In the NZD/USD pair's daily timeframe, a bullish trend seems to be forming, evidenced by an ABC pattern. Following the completion of the last impulse, which underwent a 50% correction, there's a potential setup for further upward movement. Traders may look for confirmation signals such as breakouts or bullish candlestick patterns to validate this bullish bias before considering long positions.
In the NZD/USD pair's daily timeframe, a bullish trend seems to be forming, evidenced by an ABC pattern. Following the completion of the last impulse, which underwent a 50% correction, there's a potential setup for further upward movement. Traders may look for confirmation signals such as breakouts or bullish candlestick patterns to validate this bullish bias before considering long positions.