NZD/USD Technical Analysis.
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.
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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