NZD/USD Technical Analysis.
Currently, NZD/USD is trading at 0.7062. The pair is trading at its 2 years high and hovering near its small resistance level. If the price breaks the resistance level at 0.7084, then it can continue its up trend towards its next resistance level. The entry price for long will be above 0.7084, 1st target price will be at 0.7156 and 2nd target price will be at 0.7200.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Rishikesh Lilawat
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat