Currently, NZD/USD is trading at 0.6456. The pair may start a new down trend if it breaks the support level at 0.6389. The pair is now consolidating in the resistance and support wedges. If the price breaks the support level then it may start a new down trend and its target price will be at 0.6265, the stop loss price will be at 0.6477.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
Follow a 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