⬤ NZD/USD is pushing higher after hitting the previously anticipated support zone between 0.5957 and 0.5892. The pair bottomed around 0.5924 and is now looking to extend gains. Buyers stepped in right where they were expected, setting up the next move up.
⬤ The chart shows a finished corrective wave pattern followed by what looks like the start of an impulsive rally. The bullish outlook stays intact as long as NZD/USD holds above 0.5893—that's the critical support level keeping the upward structure alive.
⬤ The next upside target sits near 0.6132 or higher, aiming to break above the January 29 peak. With the corrective dip seemingly complete at the support area, the broader uptrend is ready to resume according to the wave count.
⬤ The reaction at support highlights how crucial defined technical levels are in trend continuation setups. Staying above support keeps the bullish scenario in play, while a break below would kill the expected upward move.
