Trade of the day NZDUSD

NZDUSD is breaking above the consolidation triangle

 

NZDUSD is breaking above 0.7100. This is a strong medium-term consolidation resistance and this kind of confirmed break will lead to a continuation higher. Invalidation of the upside extension can only come in the case of a sudden reversal below 0.7100.

Note: look for the long trade entries with the stop loss below 0.7120 to target 0.7300 at least

 

 

 

 

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