NZD/USD Potential Upward Movement

NZD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.62000, 0.62398, 0.62783

Key Support Levels: 0.61554, 0.60978, 0.60468

4-Hour Chart:

The price on the higher time frame has been in an uptrend recently after it tested a support level of 0.60394 and bounced back. The pair has also broken a few levels 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 0.60468 and 0.60978 and has sustained above that. As of now the pair has broken and retested a minor level of 0.61554 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.61726

TP @ 0.61939

Stop Loss @ 0.61513

Trade Safely 🙂