Currently, NZD/USD is trading at 0.6487. The pair started a new up trend after breaking the resistance level at 0.6454. Previously, the pair was consolidating in the resistance and support levels. As the pair has already started an up trend by breaking the resistance level, its first target price is at 0.6570 and the second target price will be at 0.6642.
Follow a 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 a 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