NZD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.61959, 0.62154, 0.62416
Key Support Levels: 0.61591, 0.61318, 0.60788
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
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.
Buy Stop Order @ 0.61742
TP @ 0.61919
Stop Loss @ 0.61565
Trade Safely 🙂