ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor NZD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.7229, 0.7314, 0.7400
Key Support Levels: 0.7158, 0.7106, 0.7063
Daily Chart:
The price on the higher time frame is trending to the upside, where the pair entered inside a bullish flag formation. This pattern indicates a potential continuation of the main trend if the market succeeded to break it.
NZD/USD Medium-Term Trend: Bullish
1-hour Chart:
On the 1-hr time frame, the pair is trading inside an expanding wedge pattern where we expect a lower correction to the area of confluence. The zone is made by a strong support and the lower end of the wedge formation. This move could lead to a move upward in the same direction of the main trend.
Signal Idea:
Buy Limit Order @ 0.7192
TP 1 @ 0.7228
TP 2 @ 0.7314
Stop Loss @ 0.7175
Trade Safely 🙂
