GBP/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.97903, 1.99564, 2.00732.
Key Support Levels: 1.95091, 1.94137, 1.92870.
Daily Time Frame:
The price on the higher time frame is in a clear upward movement where we can see that the market is posting higher highs and lows. This indicates that the buyers are in control of the market and might break the resistance to the upside and continue its move all the way up toward the target profit.
GBP/NZD Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the price managed to break the bullish flag to the upside after finding buyers near the support zone (previously resistance). A lower correction could be see before a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 1.96656
TP 1 @ 1.97760
TP 2 @ 1.99564
Stop Loss @ 1.96109
Trade Safely 🙂