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Apr 17, 2025

Trade ideas

NZDUSD “Golden Cross” signals growth!

NZDUSD: H4

NZDUSDH4170425.png

The asset is in an uptrend. The lows and highs are not going down. The price is testing the resistance level at 0.5961. The “golden cross” can be seen on the chart. All this suggests a possible continuation of the trend.

  • If the price consolidates above the resistance level, the growth will continue to 0.6023.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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FBS Analyst Team

Author: FBS Analyst Team

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