NZD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.63356, 0.63816, 0.64113
Key Support Levels: 0.62895, 0.62203, 0.61682
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
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.
Buy Stop Order @ 0.63066
TP @ 0.63332
Stop Loss @ 0.62800
Trade Safely 🙂