NZD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.69819, 0.70205, 0.70500.
Key Support Levels: 0.69343, 0.69013, 0.69000.
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
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.
Buy Limit Order @ 0.69383
TP 1 @ 0.69805
TP 2 @ 0.70205
Stop Loss @ 0.69220
Trade Safely 🙂