NZD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.71541, 0.72870, 0.73000.
Key Support Levels: 0.70858, 0.69797, 0.69434.
The price on the higher time frame failed to break the 0.70858 USD mark and posted a doji candlestick showing a potential reversal. This what happened the market reversed and moved higher above the daily support. Further movement to the upside is expected in the coming hours.
NZD/USD Medium-Term Trend: Bullish
On the lower time frame, the price posted a double bottom formation which led to a reversal and a breakout to the upside of the bearish channel. A lower correction could be seen to the highlighted zone before a new bullish impulsive wave toward the target profit.
Buy Limit Order @ 0.71151
TP 1 @ 0.71533
TP 2 @ 0.72870
Stop Loss @ 0.71040
Trade Safely 🙂