NZDUSD - 19h expiry - We look to Buy at 0.6205 (stop at 0.6165)
Price action is located in bullish channel.
Previous resistance located at 0.6300.
Price action looks to be forming a bottom.
A move through 0.6300 will confirm the bullish momentum.
The trend of higher lows is located at 0.6190.
Our profit targets will be 0.6305 and 0.6325
Resistance: 0.6300...
NZDUSD - 21h expiry - We look to Buy at 0.5625 (stop at 0.5550)
Previous support located at 0.5625.
Previous resistance located at 0.5700.
Indecisive price action has resulted in sideways congestion on the daily chart.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5700 will confirm the bullish momentum.
Our profit targets...
