NZDUSD has a strong bullish momentum, could it rise further?
Price has broken out of the resistance level which is a pullback resistance level and we could see a bullish continuation to our take profit
Entry: 0.60437
Why we like it:
There is a pullback resistance which aligns with the 23.6% Fibonacci retracement
Stop loss: 0.59903
Why we like it:
There is an overlap support level which align with the 61.8% Fibonacci retracement
Take profit: 0.60958
Why we like it:
There is a pullback resistance level which aligns with the 100% Fibonacci projection
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Entry: 0.60437
Why we like it:
There is a pullback resistance which aligns with the 23.6% Fibonacci retracement
Stop loss: 0.59903
Why we like it:
There is an overlap support level which align with the 61.8% Fibonacci retracement
Take profit: 0.60958
Why we like it:
There is a pullback resistance level which aligns with the 100% Fibonacci projection
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
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