In previous market sessions we saw the NZDUSD price action soar bullishly . We watched the pair break levels and now trades at the 2020 higher high. The previous link could be used as reference. https://fxsits.com/will-the-nzdusd-soar-bullish/ . In todays post we see different as price actually trades below t level 0.71091
Looking at the H4 time frame. You’ll see how price found support at level 0.70070 which is our new support level. We see how Price trades within resistance level 0.71091 and support 0.70070 . We believe we could see price follow its bullish long term trend . However if price breaks the support level and moves bearish. Then level 0.67930 will be exposed.
If the NZDUSD price action continues its trend and creates new higher highs by the end of the trading session . Then we could see a new level of the pair forming . This as price soars to its newer higher highs. Our analysts believe that traders should keep a watch out for a long term bullish trend of the pair in the upcoming weeks .
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