NZDUSD Breaks Into Bullish Territory

Wait 5 sec.

NZDUSD Breaks Into Bullish TerritoryNZD/USDOANDA:NZDUSDSamiraa_On NZDUSD, buyers finally showed real intent. The break above the descending trendline was clean, and it came after months of price being capped by that same line. The important part now is not the breakout candle itself. It is whether price can return to the broken trendline and stay above it. If sellers try to push price back below but fail, that former resistance starts to become support—and the structure shifts in favour of buyers. A brief pullback would not hurt the idea. In fact, it could be the test that confirms the move is real. As long as buyers defend the breakout area, I see room for NZDUSD to continue toward 0.60500. But if price falls back under the trendline and cannot reclaim it, the breakout loses its meaning.