Trade Setup for NZD/USD - Bullish Trend
The NZD/USD is currently in a bullish trend, consistently forming higher highs (HH) and higher lows (HL). The pair is expected to maintain this upward momentum.
Trade Setup:
Entry: Current Market Price (CMP)
Stop-Loss (SL): 0.60823
Take Profit (TP): 0.62244
Important Note:
The price range between 0.62000 and 0.62200 is a significant resistance area. If this resistance is breached, the bullish momentum is likely to strengthen. However, if you observe signs of a bearish reversal, consider a short position with a stop-loss at 0.62300.
Trade Setup:
Entry: Current Market Price (CMP)
Stop-Loss (SL): 0.60823
Take Profit (TP): 0.62244
Important Note:
The price range between 0.62000 and 0.62200 is a significant resistance area. If this resistance is breached, the bullish momentum is likely to strengthen. However, if you observe signs of a bearish reversal, consider a short position with a stop-loss at 0.62300.
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