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NZD/USD Potential Upward Movement

NZD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.63356, 0.63816, 0.64113

Key Support Levels: 0.62895, 0.62203, 0.61682

4-Hour Chart:

The price on the higher time frame has been in an uptrend recently after it tested a support level of 0.61360 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 0.61682 and 0.62203 and has sustained above that. As of now the pair has broken and retested a minor level of 0.62895 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.63066

TP @ 0.63332

Stop Loss @ 0.62800

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.


  1. I smashed the S/L, thus costing me 19 pips and also saw the signal to cancel the trade.

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