NZDUSD – Bullish Channel Still Intact
Price continues to trade within a well-defined ascending channel, maintaining the broader bullish structure of higher highs and higher lows.
After rejecting the 0.5980–0.6000 resistance zone, price is now pulling back toward the lower trendline of the channel around 0.5900.
🔹 Bullish case: If the lower trendline holds and buyers step in, I’ll be watching for continuation toward 0.5950 → 0.6000+.
🔹 Bearish warning: A clean break and close below the channel support could signal a deeper correction and invalidate the immediate continuation setup.
Key level: 0.5900 — this is where the next move could be decided.
Patience > prediction. Let price confirm the direction. 📊
