NZD/USD Potential Upward Movement

NZD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.61959, 0.62154, 0.62416

Key Support Levels: 0.61591, 0.61318, 0.60788

4-Hour Chart:

The price on the higher time frame has been in an uptrend recently after it found support at the 0.59919 level and bounced back. The pair has continued to break a few resistance 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 0.60788 and 0.61318 and has sustained above that. As of now the pair has broken and retested a minor level of 0.61591 before continuing the momentum. 

Signal Idea:

Buy Stop Order @ 0.61742

TP @ 0.61919

Stop Loss @ 0.61565

Trade Safely 🙂