Hello traders, NZD/USD is trading at 0.7008. The Pair is trading in descending resistance and support wedges pattern. As the price has already touched resistance level, it can give a small pull back and then break the resistance level to start a small up trend. If the price breaks the resistance level at 0.7012, it can start a small up trend and can touch its target price at 0.7052.
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
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