Trading above the key support levels 0.6840, 0.7025, NZD / USD remains in the bull market zone
(see also "Fundamental Analysis and Recommendations")
. The breakdown of the important short-term resistance level 0.7054 indicated the end of the downward correction and became a signal for the resumption of long positions in NZD / USD.
After the breakdown of the resistance levels 0.7085, 0.7100, the growth target will be the resistance levels 0.7132, 0.7240, 0.7430, 0.7550, 0.7600.
In an alternative scenario and after the breakdown of the support level 0.7054, NZD / USD will resume its decline with the target at the support levels 0.7025, 0.7000.
Trading recommendations
Sell Stop 0.7040. Stop-Loss 0.7110. Take-Profit 0.7025, 0.7000, 0.6960, 0.6900, 0.6865, 0.6840
Buy Stop 0.7110. Stop-Loss 0.7040. Take-Profit 0.7132, 0.7240, 0.7315, 0.7380, 0.7430, 0.7550, 0.7600
*) NZD/USD: Current Fundamental Analysis and Market Expectations
**) the most up-to-date "hot" analytics and trading recommendations (including entries into trades "by-the-market") - https://t.me/fxrealtrading
