+560 Points achieved in NZDUSD after the reversal from the low level of an uptrend line

NZDUSD Analysis

NZDUSD bounced back from the higher low level of an uptrend line and start to continue its uptrend in the 4-hour timeframe chart.

nzdusd continuing the uptrend after hitting the higher low level

After the confirmation of reversal from the higher low level, the NZDUSD Buy signal is given.

NZDUSD has reached the take profit target successfully.


New Zealand Building permits raised AUCKLAND

New Zealand Dollar moves higher after Building permits in march data shows a 17.9% rise versus last month dropped to -19.3%.

Jobless claims data came in lower, and the unemployment rate came in 4.6% versus 4.9% expected.

New Zealand employment rate raised

Domestic data of the New Zealand economy shows good numbers; the outlook shows recovery from the pandemic is visible.

New Zealand is allowed to travel to Australia after people get vaccination properly.

Now tourism revenue also supports for New Zealand Government.

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