NZD/USD Potential Upward Movement

NZD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.6475, 0.6558, 0.6613

Key Support Levels: 0.6373, 0.6326, 0.6252

Daily Chart:

The price on the higher time frame has been in an uptrend for some time after it broke a resistance level of 0.5749 and continued momentum. Recently the pair has done a pullback and found support at the 0.6195 level. It has bounced back which shows bullish bias.

NZD/USD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 0.6252 and 0.6326 and sustained above that. As of now the pair has broken and retested another level of 0.6373 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.6415

TP @ 0.6471

Stop Loss @ 0.6359

Trade Safely 🙂