trendtrader

NZDUSD Approaches Support - Go Long For TP Level of 0.61200

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD has just approached a strong support level, and I see a short term bounce from the current 0.61050 level, for a TP level of 0.61200, which is it's next resistance level. I don't see it making a bigger move in the near term, since it seems to now want to consolidate for a bit.
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.