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OANDA
Aug 9, 2022 4:42 PM

NZDUSD continues higher in corrective channel Long

NZD/USDOANDA

Description

NZDUSD - Intraday - We look to Buy at 0.6250 (stop at 0.6200)
Previous support located at 0.6250. Previous resistance located at 0.6300. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. A move through 0.6300 will confirm the bullish momentum.
Our profit targets will be 0.6350 and 0.6375

Resistance: 0.6300 / 0.6350 / 0.6375
Support: 0.6250 / 0.6225 / 0.6200

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