NZD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.6569, 0.6598, 0.6687
Key Support Levels: 0.6465, 0.6416, 0.6304
The price on the higher time frame has been in an uptrend for some time after it reversed the direction. The pair broke a level of 0.6064 and sustained above that. Recently it has done a pullback and found support at the 0.6199 level and bounced back which shows bullish bias.
NZD/USD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 0.6304 and 0.6416 and has sustained above that. As of now the pair has broken and retested a minor level of 0.6465 before continuing the momentum.
Buy Stop Order @ 0.6503
TP @ 0.6559
Stop Loss @ 0.6447
Trade Safely 🙂