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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 🙂

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.


  1. Hi sir not mentioned what will be TP 1 ?

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