Hello traders, NZD/USD is trading at 0.7242. The price is trading in resistance and support wedges and can break resistance level to start a new up trend. If the price breaks the resistance level at 0.7254 then it can start a new up trend and its targets will be at 0.7279 and 0.7312.

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
NZDUSDnzdusdanalysisnzdusdideanzdusdlongnzdusdlongsetupSupply and DemandSupport and ResistanceTrend Analysis

Disclaimer