NZD/USD Upward Channel Trade.
Currently, NZD/USD is trading at 0.7127. The price is trading in upward resistance and support level and can rebound back to resistance level after touching support. If the price rebound back after touching support, then 0.7120 is the best price to enter long position and the target price will be 0.7196. Mostly, channel trades give a good risk to reward ratio and can give decent profits.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.