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 🙂