Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.6514). if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . NZDUSD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 50.
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Trade closed: target reached
⋅
771.5 pips profit... Total Profit: 771.5 Closed trade(s): 771.5 Profit
Update Details:
Closed Profit: TP1 @ 0.6423 touched at 06.07.2022 with 94.7 Profit. TP2 @ 0.6374 touched at 06.10.2022 with 144.8 Profit. TP3 @ 0.6291 touched at 06.13.2022 with 228.4 Profit. TP4 @ 0.6215 touched at 06.14.2022 with 303.6 Profit.