NZD/USD Potential Upward Movement
Key Resistance Levels: 0.72960, 0.74270, 0.75000.
Key Support Levels: 0.71517, 0.70935, 0.70900.
The price on the higher time frame is posting higher highs and lows indicating that the trend is clearly upward. It posted a correction count near the daily support (0.7150) and now it is time to continue its main direction upward toward the next key resistance level.
NZD/USD Medium-Term Trend: Bullish
On the lower time frame, the pair succeeded to break the bullish flag formation to the upside after finding buyers near the 61.80% Fibonacci retracement level. A lower correction could be seen to the bespoke support before a new impulsive wave toward the targe profits.
Buy Limit Order @ 0.71568
TP 1 @ 0.72857
TP 2 @ 0.74250
Stop Loss @ 0.71072
Trade Safely 🙂