NZD USD 4 hour 2 posibilities
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The pair is in a clear uptrend, and after crossing 200 SMA it is aiming higher as the USD is expected to be a weaker currency against all crosses. If the price gets rejected at the next level of resistance at 0.66874 we can expect a pullback to 0.618 fib retracement where we would place our entry at 0.66250. Then it should break through the Pitchfork median line and continue its way up to the next level of resistance at 0.67823 to the pitchforks quartile line. Which would make us want to take TP1 at 0.67571. If the price doesn't pullback we can open a buy position when the candlestick closes above the first level of resistance with TP same as the idea including a pullback. after that the price will range for a while between the median line and upper parallel line.
This is not investment advice. Trade at your own risk and use proper risk management. which is the half percent of your equity.
This is not investment advice. Trade at your own risk and use proper risk management. which is the half percent of your equity.
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