NZD/USD Potential Upward Movement

NZD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.59553, 0.59857, 0.60208

Key Support Levels: 0.58951, 0.58497, 0.57685 

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It tested a support level of 0.55988 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation. 

NZD/USD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a trendline recently which shows short-term trend shift to bullish. As of now the pair has broken and retested a zone before continuing the momentum.

Signal Idea:

Buy Limit Order @ 0.59198

TP @ 0.59486

Stop Loss @ 0.58909

Trade Safely 🙂