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NZD/USD Potential Upward Movement

NZD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.69819, 0.70205, 0.70500.

Key Support Levels: 0.69343, 0.69013, 0.69000.

Daily Chart:

The price on the higher time frame failed to continue its move to the downside and reversed higher while the pair is traded above the 0.69220 USD mark. Further upside is expected in the coming hours toward the 0.69819 USD level.

NZD/USD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair managed to break the resistance trendline to the upside with the help of a lower higher. The market is forming a range above the daily resistance (0.69220 USD) and this could lead to a move to the upside toward the mentioned target profit below.

Signal Idea:

Buy Limit Order @ 0.69383

TP 1 @ 0.69805

TP 2 @ 0.70205

Stop Loss @ 0.69220

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

6 comments

  1. what time zone you are to give your signal,today i saw 4 am,is it new york time,because it is always to late when i wake up

  2. Sir u r great. Using ur prediction after 7 days I have made a profit. Thanks a lot sir I m from India.

  3. This signal its going very well and it’s running profit but the price still not reached i hope it’s not to late for pull back

  4. How long should we keep this open?

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