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NZD/USD Potential Upward Movement

NZD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.6569, 0.6598, 0.6687

Key Support Levels: 0.6465, 0.6416, 0.6304

Daily Chart:

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

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 0.6304 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.

Signal Idea:

Buy Stop Order @ 0.6503

TP @ 0.6559

Stop Loss @ 0.6447

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.

5 comments

  1. Thanks Pat yes talked with them all fixed now thank you for your help.

  2. Thanks Pat i did sign up with the one you recommend Hankotrade but it keeps freezing up on me im using the web version because i a apple mac it wont down load it i see you can but never opens.

  3. Hi Pat love the videos right now im using the free service thinking of doing VIP i would like to know can you use the copy trader on trading view i have an account with them?

    Thanks Mike

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