NZD/USD Technical Analysis.
Hello traders, NZD/USD is trading at 0.7003. The price is moving in a upward resistance and support wedges, after touching resistance level it is giving a small pull back but soon price can break its resistance level to continue its upward trend. The entry price for the pair is at 0.7020, 1st target is at 0.7053 and 2nd target at 0.7091.
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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Thank you,
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
Trade closed: target reached