Hello traders, NZD/USD is trading at 0.7260. The price is trading in sideways trend and can start a new trend soon. As the price is trading in sideways trend and reversing back from its critical resistance and support levels, it can start a new trend after breaking support and resistance level. If it breaks resistance level at 0.7310 then its up target will be at 0.7450 and If it breaks support level at 0.7230 then its down target will be at 0.7102.
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
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