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NZD/USD Potential Upward Movement

NZD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.63498, 0.63800, 0.64236

Key Support Levels: 0.63253, 0.63048, 0.62650

4-Hour Chart:

The price on the higher time frame has been in an uptrend and has been moving in a higher high, higher low formation. It recently broke a level of 0.6317 which suggests further trend continuation.

NZD/USD Medium-Term Trend: Bullish

30-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 0.62650 and 0.63048 and sustained above that. As of now the pair has broken and retested another level of 0.63253 before continuing the trend.

Signal Idea:

Buy Stop Order @ 0.63335

TP @ 0.63590

Stop Loss @ 0.63165

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.

One comment

  1. I need help in trading really need help

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