NZDUSD 4H Analysis – Bulls Targeting Fresh Highs NZD/USDOANDA:NZDUSDFrankAgboNZDUSD continues to show bullish strength after breaking out of the long-term descending trendline that previously controlled the market. The breakout has already shifted market structure in favor of buyers, and the recent pullback appears to be providing an opportunity for continuation. ### Market Structure The bearish trendline has been decisively broken, confirming a transition from a downtrend to a bullish market structure. Since the breakout, price has been creating higher lows and maintaining strong momentum above key support levels. The recent rejection from lower prices suggests buyers are still active and willing to defend the current range. ### Key Levels to Watch 📍 **Support Zone:** 0.5920 – 0.5930 📍 **Major Resistance / Target:** 0.6080 📍 **Extended Bullish Target:** Above 0.6100 if momentum accelerates. ### Bullish Scenario 📈 As long as price remains above the 0.5920 support area, buyers remain in control. **Potential Targets:** * 🎯 0.5980 * 🎯 0.6020 * 🎯 0.6080 A clean break above 0.6080 could trigger a stronger bullish expansion as liquidity resting above the highs gets taken. ### Bearish Scenario 📉 If price fails to hold above 0.5920: * Support at 0.5900 may be tested. * Further weakness could push NZDUSD toward 0.5830. A break below 0.5830 would invalidate the bullish outlook. ### Trade Idea **Buy Zone:** 0.5920 – 0.5935 **Stop Loss:** Below 0.5830 **Take Profit:** 0.5980 → 0.6020 → 0.6080 ### Conclusion NZDUSD is showing a classic bullish continuation setup after a trendline breakout and retest. Buyers have successfully shifted the structure, and the pair is now positioned for a potential move toward the 0.6080 resistance zone.