NZD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.60476, 0.60835, 0.61323
Key Support Levels: 0.59949, 0.59408, 0.59105
Daily Chart:
The price on the higher time frame has recently been in an uptrend. It tested a support level of 0.55988 and bounced back. The pair has broken a few resistance levels which suggests further trend continuation.
NZD/USD Medium-Term Trend: Bullish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trendβs direction. It broke a resistance area to shift the short-term trend to bullish. As of now the pair has broken and retested a minor level of 0.59949 before continuing the momentum.
Signal Idea:
Buy Limit Order @ 0.60155
TP @ 0.60431
Stop Loss @ 0.59876
Trade Safely π
This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.
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