NZDUSD | Will The Price Increase More?

NZDUSD | Will The Price Increase More?

During the last two weeks, the price of NZDUSD tried several times to hold on
the bullish steam.

During the previous week, the price was developing the pattern and it looks like the
price is expanding it. This is increasing the chances that more bulls can join the game very soon.


Technical Analysis:
Price is creating an expanding pattern

Price is pushing up with very low volume.

We need to consider also the summer season as well.

We don't know if the selling pressure will push the price lower again in order
to expand the pattern or if the price will move higher.

If the price will move now above the pattern that I have pointed out the bullish steam will
increase and it should increase more.

Thank you and Good Luck!