NZDUSD MARKET LONG TERM SUPPORT LEVEL
It looks like you are observing a bullish trend in the NZD/USD currency pair, with the market bouncing off a support level. Here's a more detailed breakdown of the scenario:
1.Current Price Movement: The NZD/USD pair moved up from a price of 0.61436 and touched a support level at 0.61700.
2.Support Level: A support level is where the price tends to find support as it falls. This means the price is more likely to bounce off this level rather than break below it.
3.Bullish Indication: If the market respects this support level and continues to move upward, it indicates a bullish trend.
1.Current Price Movement: The NZD/USD pair moved up from a price of 0.61436 and touched a support level at 0.61700.
2.Support Level: A support level is where the price tends to find support as it falls. This means the price is more likely to bounce off this level rather than break below it.
3.Bullish Indication: If the market respects this support level and continues to move upward, it indicates a bullish trend.
Trade closed: target reached
Congratulations on hitting your target with NZD/USD! It sounds like your trading strategy is working well. Do you have any specific insights or strategies that contributed to this success?
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