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NZD/USD Potential Upward Movement

NZD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.59754, 0.60130, 0.60527

Key Support Levels: 0.59376, 0.58365, 0.57261

4-hr. Chart:

The price on the higher time frame has recently been in an uptrend after it tested a support level of 0.57261 and bounced back. The pair has broken another resistance level, which suggests further trend continuation.

NZD/USD Medium-Term Trend: Bullish

15-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It has shown pullback to the marked support area. As of now the pair has reacted and broken the minor bearish structure before continuing the momentum.

Signal Idea:

Buy Limit Order @ 0.59453

TP @ 0.59657

Stop Loss @ 0.59248

Trade Safely 🙂

This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.

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About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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