Hong Kong
2024-12-19 17:34
IndustryNZD/USD : Potential Bullish Reversal by 2025
NZD/USD Outlook: Potential Bullish Reversal by 2025
Long-Term Range and Correction
Over the past two years, NZD/USD has lacked clear direction, trading within a broad range. However, the pattern suggests a corrective bullish setup.
Current Technical Outlook
The pair appears to be in the late stages of a deeper A-B-C corrective decline on the daily chart. A sustained rise above 0.60 could signal that the bottom is in place, paving the way for a bullish reversal.
2025 Outlook
We maintain the view that NZD/USD could experience a meaningful bullish reversal by 2025, once the current corrective phase concludes.
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NZD/USD : Potential Bullish Reversal by 2025
Hong Kong | 2024-12-19 17:34
NZD/USD Outlook: Potential Bullish Reversal by 2025
Long-Term Range and Correction
Over the past two years, NZD/USD has lacked clear direction, trading within a broad range. However, the pattern suggests a corrective bullish setup.
Current Technical Outlook
The pair appears to be in the late stages of a deeper A-B-C corrective decline on the daily chart. A sustained rise above 0.60 could signal that the bottom is in place, paving the way for a bullish reversal.
2025 Outlook
We maintain the view that NZD/USD could experience a meaningful bullish reversal by 2025, once the current corrective phase concludes.
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