NZD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.68600, 0.69212, 0.69431.
Key Support Levels: 0.68109, 0.67375, 0.67000.
Daily Time Frame:
The price on the higher time frame managed to break the bearish channel to the upside after posting an engulfing bullish pattern near the bottom of the pattern. The market changed direction and moved from downward movement to an upward by posting higher lows.
NZD/USD Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the price is bouncing inside a bullish where it has a bias to break it to the upside. A lower correction could be seen to the highlighted area before a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 0.68105
TP 1 @ 0.68578
TP 2 @ 0.69212
Stop Loss @ 0.67869
Trade Safely 🙂